In accordance with Bitcoin.com, the viral narrative surrounding the 'Mr. 100' Bitcoin wallet has been debunked. The wallet, often portrayed as a mysterious whale accumulating BTC during price dips, is in fact a cold wallet controlled by the South Korean exchange Upbit. Onchain analysts and blockchain explorers such as Arkham Intelligence have confirmed this for some time. Despite previous reports, the myth resurfaced on social media, with posts claiming the wallet was 'buying the dip' and generating significant engagement. Upbit’s wallet holds approximately 59,335.54 BTC, and its regular 100 BTC inflows are routine exchange activity, not signs of a stealth whale. Misinformation about such wallets can distort market signals and mislead traders.
Mr. 100' Myth Debunked: Wallet Belonged to Upbit, Not a Bitcoin Whale
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