• 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

Circle Brings USDC and Developer Tools to Monad Blockchain

chest

Circle has integrated USDC with the Monad blockchain, enabling secure and efficient DeFi applications and cross-chain transactions.

user avatarRajesh Kumar

Bybit Lowers Barrier to Elite Wealth Management Solutions with Year-End Exclusive for VIP Clients

chest

Bybit has temporarily reduced the minimum subscription for its Private Wealth Management program to 250,000 USDT, enhancing support for its trading community.

user avatarLucas Weissmann

Best Wallet Aims to Redefine Crypto Experience with Innovative Features

chest

Best Wallet aims to redefine the crypto experience with innovative features, providing a mobile-first, non-custodial solution for seamless management of crypto assets.

user avatarEmily Carter

Best Wallet Presale Gains Momentum with Over $174 Million Raised

chest

The Best Wallet presale has raised over $174 million, aiming to capture 40% of the global crypto wallet market by 2026.

user avatarFilippo Romano

Bitcoin Experiences Significant Price Drop Amid Market Uncertainty

chest

Bitcoin's price has fallen below $90,000, raising concerns about the potential start of a bear market.

user avatarTomas Novak

Key Traits of Successful Crypto Presales

chest

Successful presales share common traits that build trust and attract investors in early markets.

user avatarKaterina Papadopoulou

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.