Over the past two months, the crypto community has been actively discussing a wallet with the nickname "Mr. 100". Its name comes from regular deposits of 100 bitcoins, indicating possible ownership by a wealthy investor from the Middle East. However, analysts at Arkham Intelligence suggest that the wallet is actually owned by South Korean exchange Upbit.
Recently, interest in "Mr. 100", a wallet with the address "1Ay8v" and a balance of 52,996.88 BTC, has increased significantly. This wallet ranks as the 14th largest bitcoin holder and has been attracting attention from the crypto community, especially on the X platform.
There is speculation that "Mr. 100" may be linked to the Qatari billionaire, but analysts point to the wallet's likely affiliation with the Upbit exchange. Arkham Intelligence expressed confidence in this, noting the wallet's connections to other wallets on the exchange.
Rumors about the nature of the wallet and its origin can be misleading, but analysts point to the likelihood of the wallet belonging to Upbit. This is supported by the consolidation of deposits and transfers to the exchange's hot wallets.
Nevertheless, the situation raises questions about the reliability of the Upbit exchange and its financial strength in a volatile market. Caution and preference for cold wallets to store cryptocurrency to avoid potential risks is advised.