• 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

Lawmakers Express Alarm Over Corruption Risks in Prediction Markets

chest

Lawmakers express concerns about corruption risks in prediction markets linked to government actions.

user avatarDiego Alvarez

BNB Chain Emerges as a Leader in Real-World Asset Tokenization

chest

BNB Chain has rapidly grown as a prominent platform for real-world asset (RWA) tokenization, achieving significant milestones in asset value and user engagement.

user avatarMohamed Farouk

Boris Johnson Warns of Risks in Bitcoin Investments

chest

Boris Johnson warns about the risks of investing in Bitcoin, highlighting potential losses and the need for caution among investors.

user avatarTenzin Dorje

Boris Johnson Raises Concerns Over Bitcoin's Legitimacy

chest

Former UK Prime Minister Boris Johnson raises concerns about Bitcoin's legitimacy, citing significant investor losses and risks associated with the cryptocurrency.

user avatarBayarjavkhlan Ganbaatar

Democratic Lawmakers Push for Ban on Prediction Markets Amid Corruption Concerns

chest

Democratic lawmakers introduced the BETS OFF Act to ban prediction markets tied to government actions due to corruption concerns.

user avatarElias Mukuru

Adobe Stock Price Targets Adjusted by Analysts Following CEO Exit

chest

Following the CEO's departure, multiple firms have adjusted their price targets for Adobe stock, reflecting market uncertainty.

user avatarMaria Fernandez

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.