Langsung ke konten utama

Mystery Wallet Rockets to Top 10 Bitcoin Holders With 8,888 BTC New Year’s Gain

A bitcoin wallet, believed to be linked to Tether, the leading stablecoin issuer, has ascended to become the tenth largest holder of bitcoin. This elevation occurred after an accrual of 8,888 bitcoin from Bitfinex as the year concluded. Presently, the wallet’s holdings total around 66,465.20 bitcoin, with a value nearing $3 billion at existing exchange rates.

Bitcoin’s New Whale: Mystery Wallet Witnesses Year-End Windfall

In the last 72 hours, a wallet potentially linked to Tether has once again captured attention. Bitcoin.com News reported on this particular wallet on Aug. 5, 2023, noting its status as the 11th largest bitcoin wallet.

At that juncture, a 21.co research analyst posited that the wallet might be associated with Tether, correlating with the stablecoin issuer’s financial attestations. Tether had previously acknowledged holding bitcoin as part of its assets, yet it hadn’t publicly shared any specific wallet address.

After this initial report, Cryptoquant, a blockchain analytics firm, raised doubts about the wallet’s connection to Tether. 145 days later, on December 31, 2023, a significant sum of 8,888.88 BTC was transferred to the wallet, identified as “bc1qj.”

The bitcoin, like all previous deposits to this wallet since its creation, originated from Bitfinex. This consistent pattern of deposits from Bitfinex further fuels speculation that the wallet might be owned by Tether.

Now ranked as the tenth largest, the wallet surpasses the 11th largest, which possesses 59,300 BTC. Observers including Wu Blockchain and the X account The Data Nerd, noted the transfer of 8,888 BTC.

“On behalf of [the] new year, a whale (related to Tether) bought 8,888 BTC ($379M) at $42,641, 8 hours ago,” The Data Nerd wrote. “Someone is very hungry for BTC,” an individual replied to the X post.

Both X accounts have noted that the tenth largest bitcoin whale boasts unrealized profits exceeding a billion, with an average entry point of around $25K. Currently, Bitfinex, the exchange behind the 8,888 BTC transfer, also maintains the second-largest BTC wallet, valued at close to $10 billion.

This wallet, identified as “bc1qg“, contains roughly 210,010 BTC, equivalent to $9.43 billion at prevailing exchange rates. The last outward transaction from “bc1qg” occurred on March 3, 2023, and the cold wallet recently added 20,000 BTC to its reserves on Dec. 16, 2023.

Now the wallet that sent the funds to the tenth largest mystery wallet known as “1Kr6Q” has received a whopping 140,562,980 BTC since its creation seven years ago. The wallet has spent 140,562,190 BTC and today, at least at the time of publication, this address owned by Bitfinex is a hot wallet and it currently holds 790 BTC worth $35.69 million.

The rapid ascent of the tenth largest wallet, amidst swirling rumors and substantial transactions, underscores the secretive nature of large-scale bitcoin holdings. Without explicit verification from the firm itself, there remains no definitive way to confirm that this wallet is indeed owned by Tether.

What do you think about the rise of the tenth-largest bitcoin wallet? Share your thoughts and opinions about this subject in the comments section below.



source https://news.bitcoin.com/mystery-wallet-rockets-to-top-10-bitcoin-holders-with-8888-btc-new-years-gain/
Label:

Komentar

Posting Komentar

Postingan populer dari blog ini

Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021 , Ana de la Cueva said that cryptocurrencies such as bitcoin ( BTC ) carry “a risk of default, given that the user does not have the protection offered by traditional payment systems against a default by the counterparty.” In fact, the Secretary blasted off on the lack of a “centralized guarantee system” in bitcoin. Interestingly, at the beginning of her speech, De La Cueva mentioned that the cryptocurrency’s technology is based on blockchain. However, she later pointed out that there is no standard “clarity” on the nature of bitcoin. The Secretary repeated the same rhetoric of Spanish state entities on crypto assets, saying that th...
Posting Komentar
Baca selengkapnya

48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’

Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long […] source https://news.bitcoin.com/48-us-lawmakers-ask-sec-chair-gensler-to-clarify-whether-eth-is-a-security-warn-of-negative-repercussions/
Posting Komentar
Baca selengkapnya

Barry Silbert Resigns as Chairman of Grayscale Investments

Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing for Grayscale’s Next Chapter Barry Silbert, the founder and CEO of Digital Currency Group, has resigned from his position as chairman of the digital asset management company Grayscale and will be replaced by Mark Shifke. According to the company’s filing with the Securities and Exchange Commission (SEC), starting Jan. 1, 2024, Grayscale’s board will be composed of Mark Shifke, Matthew Kummell, and Edward McGee. Current Grayscale Investments CEO Michael Sonnenshein is also a board member, while Mark Murphy, the president of Digital Currency Group (DCG), departs alongside Silbert. Commenting on the changes to the board, an unidentified Grayscale spokeswoman reportedly said: “Grayscale and our investors ...
Posting Komentar
Baca selengkapnya