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Bitcoin Whale Myth Crumbles Under Scrutiny

‘Mr. 100’ Wallet Linked to Upbit, Not a Bitcoin Whale

  • Social media claims suggest a wallet named ‘Mr. 100’ is buying up Bitcoin at low prices.
  • The wallet in question has been consistently linked to the crypto exchange Upbit.
  • Posts about ‘Mr. 100’ focus more on creating drama than presenting factual information.

Recent social media narratives around the ‘Mr. 100’ wallet claim it is actively purchasing Bitcoin due to its current low price, but this account has long been associated with the crypto exchange Upbit, not an individual investor.

Despite viral stories suggesting otherwise, the ‘Mr. 100’ wallet’s ties to Upbit indicate that it is not a mysterious whale scooping up Bitcoin bargains but rather part of exchange operations.(Source)

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