• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Unknown Bitcoin Whale Becomes Active, Increases Holdings to $770 Million

user avatar

by Giorgi Kostiuk

2 years ago

  1. Sharp Increase in Holdings
  2. Source of Funds
  3. Potential Link to Fortress Trust


    4. An unidentified Bitcoin whale has suddenly become active in the last 24 hours, significantly boosting its cryptocurrency holdings.

    Sharp Increase in Holdings

    According to Arkham Intelligence data, the unknown whale increased its Bitcoin holdings to 12,131 BTC. The wallet first appeared on radar two weeks ago when it received 16.87 BTC, equivalent to $1.01 million. Over the next eight days, the whale received an additional 176.616 BTC, valued at about $10.63 million. However, over the last 24 hours, activity surged, bringing the total holdings to $770.49 million.

    Source of Funds

    The address from which the funds were received also contains a significant amount of Bitcoin—11,477 BTC, equivalent to $728.92 million. Interestingly, the first address that sent funds to 'bc1qmpn' received its initial BTC from a wallet that is presumed to belong to Fortress Trust, a crypto custodian and trustee.

    Potential Link to Fortress Trust

    Despite the link to the Fortress Trust wallet, it cannot be confirmed that this massive amount of Bitcoin belongs to the company. It is possible that the funds belong to one of the trustee’s clients.

    The unknown Bitcoin whale continues to accumulate, sparking interest and discussion within the crypto community. The exact origin of the funds remains a topic of speculation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kraken Enhances Crypto Trading with Tether Gold Listing

chest

Kraken has recently added Tether Gold to its trading menu, providing traders with enhanced options for commodity-backed assets within the crypto market.

user avatarMiguel Rodriguez

Chainlink Integrates Arbitrum Orbit to Enhance Layer 3 Messaging Security

chest

Chainlink has announced its integration with Arbitrum Orbit to enhance security in Layer 3 messaging using its Cross-Chain Interoperability Protocol.

user avatarArif Mukhtar

Aave V3 Launches on zkSync Era, Enhancing DeFi Lending

chest

Aave V3 has been launched on the zkSync Era, expanding DeFi lending capabilities within the ZK rollup environment.

user avatarLuis Flores

BNB Chain's Haber Upgrade Enhances Developer Experience

chest

The Haber upgrade on BNB Chain introduces technical improvements aimed at enhancing the developer and validator experience.

user avatarMaria Gutierrez

Coinbase Supports Render, Enhancing AI Compute Trading

chest

Coinbase's recent support for Render enhances liquidity and access for AI compute traders, increasing trading volume and market participation.

user avatarDavid Robinson

Fidelity Bitcoin ETF Sees Institutional Inflows Amid Market Volatility

chest

Fidelity's latest Bitcoin ETF inflow indicates continued institutional interest despite market fluctuations.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.