A user shakes up the cryptocurrency world by acquiring many bitcoins in just a few weeks. But the person behind it is less spectacular than many had hoped.
Recently, a new user caused excitement among cryptocurrency fans. Because within a few weeks, the address had accumulated bitcoins worth over 450 million euros. Since November 10, 2023, the user has been buying thousands of bitcoins daily.
The buyer benefited from the currently rising price of bitcoin. At the moment, the bitcoin price is over 40,000 euros (as of: 6.12.23).
Until November 30, no one knew who could be hiding behind the large sum of money. But now the person behind it has been revealed, and it is indeed little spectacular. This is reported by colleagues from Jeuxvideoc.om.
Allegedly a cryptocurrency exchange is behind the 450 million euros
Why does this even matter? Bitcoins are highly dependent on sales and movements. A person who owns and holds a particularly large amount of bitcoins therefore has a significant influence on the value of bitcoin. While purchases are perceived rather positively, large sales can quickly become very costly for many bitcoin holders, as the value often falls then.
In the case of very strong movements, i.e., purchases or sales, many investors pay close attention. And such purchases of thousands of bitcoins are viewed with suspicion.
Who is behind it? According to analyses by the company CryptoQuant, the bitcoin wallet belongs to the company BitMEX. This is a globally operating cryptocurrency exchange. The large amounts of bitcoin, we are talking about around 12,000 pieces, are said to come from internal transfers.
By the way, it’s not surprising that several large cryptocurrency exchanges are among the richest bitcoin holders. The well-known cryptocurrency exchange Binance is said to have 3 addresses in the top 10 alone.
Cryptocurrency exchange under criticism: The cryptocurrency exchange Binance has faced significant problems for several months: The company is accused by U.S. authorities of having supported terrorists and cybercriminals. It is mainly about violations of U.S. sanctions. The CEO and founder has had to resign by now, but the whole situation is getting worse:
