‘Mr. 100’ Mania Returns: Viral Whale Myth Falls Apart Under Scrutiny

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Oh dear, here we go again! The ‘Mr. 100’ saga is making a glorious return on social media. Apparently, this so-called mysterious crypto wallet is on a spending spree, snapping up bitcoin like there’s no tomorrow, all while prices are as low as a bargain bin at a clearance sale. But wait, plot twist: it’s not some secretive crypto whale – it’s been linked to the Upbit exchange for ages. Let’s all hold our applause, shall we?

The ‘Mr. 100’ Plot Twist: Beloved Whale Turns out to Be Upbit’s Cold Wallet

Just three days ago, Bitcoin.com News busted the wild rumors that Satoshi Nakamoto’s bitcoin wallets could be unlocked with a 24-word seed phrase. So, naturally, the universe decided to bless us with another juicy rumor: ‘Mr. 100’ is allegedly buying up heaps of BTC. A fresh batch of totally believable fiction is now making waves.

Why is this wallet named ‘Mr. 100’, you ask? Well, every time it gets some bitcoin, it’s in neat little 100 BTC chunks. Someone on X (formerly Twitter) had the bright idea to post about it, claiming this wallet is “buying the dip.” Of course, they threw in a screenshot from bitinfocharts.com to make it look official. The post got over 44,000 impressions, 560 likes, and 80 reposts. Nice, right? That’s more engagement than most of us get on our breakfast photos.

But hold on, folks. ‘Mr. 100’ is not some stealthy crypto giant scooping up bitcoin like a vacuum cleaner. It’s actually just Upbit’s cold wallet – a fact well-known by onchain analysts. So why is everyone still talking about it like it’s the next big thing? Why not? It’s fun. Fiction always gets more likes, doesn’t it?

Bitcoin.com News, in case you missed it, already exposed this last year. The blockchain explorer Arkham Intelligence also tagged the wallet as belonging to Upbit. You know, the same Upbit that has a nice little cold wallet where they keep their crypto stash – not a covert whale operation. Surprise! Upbit’s cold wallet currently holds around 59,335.54 BTC, valued at a cool $5.66 billion. Can we just take a moment to appreciate the beauty of a large, public cold wallet?

Yes, the wallet does receive transfers in tidy little 100 BTC increments, but let’s not get too excited. That’s probably not the sign of a huge crypto whale looking to corner the market. It’s just a very normal, very boring exchange wallet doing its job.

So, what’s the moral of the story? Misinformation wrapped in sensationalism does absolutely nothing for the crypto community, except waste everyone’s time. Could we focus on real market changes, instead of this fairy tale drama? I think yes!

FAQ ❓

  • Who is ‘Mr. 100’?
    It’s not a crypto whale; it’s an Upbit wallet that handles routine transactions in 100 BTC chunks.
  • Why is the wallet trending on X?
    Because viral posts falsely claim it’s aggressively accumulating BTC during price dips. Shocking, I know.
  • Is ‘Mr. 100’ actually buying BTC?
    Nope, it’s just Upbit’s cold wallet receiving standard transfers. Nothing to see here, folks.
  • Why does this rumor matter?
    Because spreading false hype distracts from real market shifts and leads traders to chase fairytales instead of facts.

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2025-11-17 01:09