Bitcoin’s best 100 richest addresses have snapped up almost 350,000 more BTC accumulating 16% more Bitcoin over the last 30 days.
Altogether these addresses added 334,000 more Bitcoin to their bags, or you can call it around $11 billion worth.
The majority greater part barely reacted to Bitcoin’s recent price drop from $41,000 to below $33,000. Only seven addresses conducted a transfer out of the wallet since the most recent all-time-high on January 10.
Of the addresses that have executed over the most recent 30 days, just eight of them have more than ten transactions to their name since December 12.
Surprisingly, many of the largest addresses are yet to witness a bull run, with eight of the top main ten having received their first transaction later than September 2018. The newest in the top 100 are just two months old.
They’re not all individual whales however. The addresses include at least ten controlled by exchanges such as Huobi, Binance, Bittrex, and Kraken. The rest are assumed to belong to a mix of institutional investors and wealthy holders, with it being almost impossible to differentiate between two. What is clear though, is that the big investors are not easily influenced by price or sentiment.
To make it into the highest level of Bitcoin addresses, one should hold more than $336 million in BTC. Around $2.2 billion is needed to hit the best ten.
Addresses within this prestigious list have often attracted attention of everyone for various reasons, including one that is believed to belong to Satoshi Nakamoto himself.
The third most wealthiest address, with an untouched record of 94,506 BTC, created headlines back in September 2019 after Glassnode reported that 73,000 of the BTC in the wallet had been transferred from Huobi. It was presumed to be the richest non-exchange address.
As indicated by BitInfoCharts, 64 of the top 100 have never seen a single satoshi transferred out.
These addresses, which are currently holding and controlling more than 2.5 million BTC (13.5% of circulating supply) with a value of almost $85 billion dollars, include 15 dormant addresses. Out of them 11 are more than nine years old. Although no one can prove that the 300,000 BTC held by these addresses have been lost, most assume so