A Mystery Wallet Linked to Tether Becomes the Tenth Largest Bitcoin Holder
A bitcoin wallet, believed to be associated with Tether, has climbed the ranks to become the tenth largest holder of bitcoin, following a deposit of 8,888 bitcoin from Bitfinex at the end of the year. Currently, the wallet holds approximately 66,465.20 bitcoin, valued at nearly $3 billion.
Bitcoin’s New Whale Emerges with Year-End Windfall
In the past 72 hours, attention has once again turned to a wallet that may be connected to Tether. Previously identified as the eleventh largest bitcoin wallet, speculation arose that it may be linked to Tether due to the stablecoin issuer’s acknowledgment of holding bitcoin without disclosing a specific wallet. Doubts over the wallet’s connection to Tether were raised, but on December 31, 2023, a significant sum of 8,888.88 BTC was transferred to the wallet, strengthening the hypothesis of Tether’s ownership.
The Mysterious Wallet’s Pattern Raises Speculation
Originating from Bitfinex, the recent deposit of 8,888 BTC to the wallet is consistent with previous deposits, further fueling speculation that it belongs to Tether. With its elevation to the tenth largest bitcoin wallet, surpassing the eleventh largest, which holds 59,300 BTC, industry observers have taken note of the transfer. The wallet’s unrealized profits exceed a billion, with an average entry point of approximately $25,000. Notably, Bitfinex also possesses the second-largest BTC wallet, valued at nearly $10 billion.
The Sender’s Wallet Accumulates Substantial Bitcoin
The wallet that sent the funds to the tenth largest mystery wallet, known as “1Kr6Q,” has accumulated a staggering 140,562,980 BTC since its creation. While it has spent a significant amount as well, the wallet currently holds 790 BTC worth $35.69 million. The rapid rise of the tenth largest wallet, combined with rumors and substantial transactions, highlights the secretive nature of large-scale bitcoin holdings. However, without direct confirmation from Tether, the ownership of this wallet remains unverified.
Hot Take: The Mystery of Tether’s Bitcoin Wallet
A mysterious bitcoin wallet, potentially linked to Tether, has jumped up the ranks to become the tenth largest holder of bitcoin. Speculation surrounding the ownership of this wallet grew after a significant deposit of 8,888 bitcoin from Bitfinex was made. With a total holding of around 66,465.20 bitcoin, valued at almost $3 billion, it has caught the attention of industry observers. However, the true identity of the wallet owner remains uncertain, emphasizing the secretive nature of large-scale bitcoin holdings. Until Tether confirms or denies its ownership, the mystery surrounding this wallet will persist.
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