In a recent revelation, six of the largest unidentified whales in the cryptocurrency space have been found to hold over $10 billion in Bitcoin ($BTC). This accounts for approximately 2% of the current circulating supply of Bitcoin, a staggering figure that has caught the attention of many in the industry.
Here’s a detailed look at these mysterious whales:
What you'll learn 👉
Wallet 1: 37X
- Identity: Unknown
- Average Cost Price: $10.5k
- Amount: 94.5k BTC
- Net Worth: $2.78b
- Unrealized Gain: 178% or $1.74b
- Circulating Supply: 0.49%
- First Active: September 2019
Wallet 2: 1Fee
- Identity: Mt Gox Hacker, March 2011
- Average Cost Price: $29k
- Amount: 79.96k BTC
- Net Worth: $2.35b
- Unrealized Gain: 1.39% or $30m
- Circulating Supply: 0.41%
- First Active: March 2011
Wallet 3: bc1qd
- Identity: Unknown
- Average Cost Price: $31.9k
- Amount: 59.3k BTC
- Net Worth: $1.74b
- Unrealized Loss: 8% or $150m
- Circulating Supply: 0.3%
- First Active: November 2021
Wallet 4: 1Ld
- Identity: Unknown
- Average Cost Price: $569
- Amount: 53.8k BTC
- Net Worth: $1.58b
- Unrealized Gain: 5,063% or $1.55b
- Circulating Supply: 0.28%
- First Active: October 2014
Wallet 5: 1Lru
- Identity: Unknown
- Average Cost Price: $7.3k
- Amount: 44k BTC
- Net Worth: $1.29b
- Unrealized Gain: 302.25% or $968m
- Circulating Supply: 0.23%
- First Active: November 2019
Wallet 6: bc1qj
- Identity: Unknown
- Average Cost Price: $26.3k
- Amount: 36.29k BTC
- Net Worth: $1.07b
- Unrealized Gain: 12% or $114m
- Circulating Supply: 0.19%
- First Active: March 2021
Conclusion
The discovery of these six unidentified whales holding a significant portion of Bitcoin’s circulating supply is a wild revelation. It highlights the concentration of wealth within the cryptocurrency space and raises questions about market influence and potential manipulation.
The varying unrealized gains and losses among these wallets also provide a fascinating glimpse into different investment strategies and market timing. As the crypto market continues to evolve, the actions and identities of these whales will remain a subject of intrigue and speculation, reflecting the complex and often opaque nature of the digital asset landscape.
Analysis by @Prithvir12: The Six Unidentified Whales of Bitcoin
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