• 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

a year 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

Kalshi Faces Legal Challenges Over Sports Wagering Regulations

chest

Kalshi is involved in a legal dispute with Connecticut regulators over the classification of its event contracts as illegal gambling.

user avatarGustavo Mendoza

BANANA Trades Within Symmetrical Triangle Indicating Potential Breakout

chest

BANANA is currently consolidating within a symmetrical triangle, indicating potential for a breakout.

user avatarRajesh Kumar

Circle Gains Conditional Approval for First National Digital Currency Bank

chest

Circle has received conditional approval from the US Office of the Comptroller of the Currency to establish the First National Digital Currency Bank.

user avatarMiguel Rodriguez

Ethereum Staking Demand Surges as Validator Backlog Hits Yearly High

chest

Ethereum's staking activation queue has reached its highest level in over a year, indicating renewed interest in securing the network.

user avatarLuis Flores

US Consumers Report Decrease in Price Pressures Amid Inflation Increase

chest

US consumers report a decrease in price pressures despite a slight increase in inflation levels as 2025 ends.

user avatarDavid Robinson

Upcoming Economic Reports Spark Optimism for Retail Sales

chest

Analysts anticipate a significant rise in retail sales for the fourth quarter, with key reports set to be released this week. Forecasts indicate a 0.4% surge in retail sales for November, alongside other important economic data.

user avatarMaria Gutierrez

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.