Unveiling 'Mr. 100' — The Mystery Bitcoin Wallet Linked to Upbit's Cold Storage

In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that this wallet is actually the cold storage of Upbit, a major South Korean cryptocurrency exchange.
Arkham Intelligence Suspects ‘Mr. 100’ Is Upbit’s Cold Storage WalletLately, the topic of ‘Mr. 100,’ referring to a bitcoin (BTC) address “1Ay8v” which boasts a balance of 52,996.88 BTC, has captured the attention of crypto enthusiasts. As of now, this wallet ranks as the 14th largest bitcoin holder. The name ‘Mr. 100’ stems from the consistent 100 BTC deposits it has received, as recorded by onchain data. This topic has recently gained traction on the social media platform X, sparking a great deal of discussions among the community.