The Mysterious Giants of Bitcoin: A Deep Dive into the Biggest Whale Wallets

Aug 11, 2023

The Mysterious Giants of Bitcoin: A Deep Dive into the Biggest Whale Wallets

Aug 11, 2023

The Mysterious Giants of Bitcoin: A Deep Dive into the Biggest Whale Wallets

The cryptocurrency world is an enigmatic space. The decentralized nature of the blockchain allows for transactions to take place with no central authority. One consequence of this decentralization is the emergence of "whale" investors - individuals or entities holding a significant chunk of a cryptocurrency. In the Bitcoin arena, some of these whales remain unidentified but command vast sums. In fact, six of the largest unidentified whales currently hold over $10 billion in Bitcoin (BTC), equivalent to about 2% of the circulating supply. Let's take a closer look at these elusive Bitcoin titans.


1. Wallet 37X:

Identity: Unknown
Average Cost Price: $10.5k
Amount Held: 94.5k BTC
Original Purchase Value: $998m
Current Value: $2.78b
Unrealized Gain: 178% or $1.74b
Percentage of Circulating Supply: 0.49%
First Became Active: September 2019

This anonymous wallet sprung to life in 2019 and quickly accumulated a vast fortune. With an unrealized gain of 178%, this investor is no amateur in the crypto game.


2. Wallet 1Fee:

Identity: Associated with Mt Gox Hacker from March 2011

Average Cost Price: $29k

Amount Held: 79.96k BTC

Original Purchase Value: $2.32b

Current Value: $2.35b

Unrealized Gain: 1.39% or $30m

Percentage of Circulating Supply: 0.41%

First Became Active: March 2011

The identity behind this wallet is linked with one of the most notorious events in cryptocurrency history: the Mt. Gox hack of 2011. Despite the controversial origins, the wallet's value has increased slightly, marking a 1.39% gain.


3. Wallet bc1qd:

Identity: Unknown

Average Cost Price: $31.9k

Amount Held: 59.3k BTC

Original Purchase Value: $1.89b

Current Value: $1.74b

Unrealized Loss: 8% or $150m

Percentage of Circulating Supply: 0.3%

First Became Active: November 2021

One of the more recent entrants on our list, this wallet actually experienced an unrealized loss, showing that even the whales aren't immune to market volatility.


4. Wallet 1Ld:

Identity: Unknown

Average Cost Price: $569

Amount Held: 53.8k BTC

Original Purchase Value: $30.7m

Current Value: $1.58b

Unrealized Gain: A staggering 5,063% or $1.55b

Percentage of Circulating Supply: 0.28%

First Became Active: October 2014

With a whopping unrealized gain of over 5000%, this is a wallet that's been in the game for the long haul, benefiting from the exponential growth of Bitcoin.


5. Wallet 1Lru:

Identity: Unknown

Average Cost Price: $7.3k

Amount Held: 44k BTC

Original Purchase Value: $321.63m

Current Value: $1.29b

Unrealized Gain: 302.25% or $968m

Percentage of Circulating Supply: 0.23%

First Became Active: November 2019

Entering the fray in 2019, this investor saw a tripling of their initial investment, representing a 302% gain.


6. Wallet bc1qj:

Identity: Unknown

Average Cost Price: $26.3k

Amount Held: 36.29k BTC

Original Purchase Value: $955.7m

Current Value: $1.07b

Unrealized Gain: 12% or $114m

Percentage of Circulating Supply: 0.19%

First Became Active: March 2021

Another newer entrant, this wallet has enjoyed a modest 12% gain since its inception in 2021.


To view these wallet addresses and delve further into their transactions, you can visit the link: Loch Analysis (https://app.loch.one/home/64d5e3b60af50483d0be25c0). All of the above analysis was conducted using Loch.


The Bitcoin market is vast and ever-evolving. While the identities behind these whale wallets remain undisclosed, their financial movements can offer us insights into the market dynamics and trends. As with any investment, the cryptocurrency landscape requires diligence, research, and sometimes a bit of luck. Whether you're a whale or a minnow, there's always something to learn from the giants of the Bitcoin world.

The Mysterious Giants of Bitcoin: A Deep Dive into the Biggest Whale Wallets

The cryptocurrency world is an enigmatic space. The decentralized nature of the blockchain allows for transactions to take place with no central authority. One consequence of this decentralization is the emergence of "whale" investors - individuals or entities holding a significant chunk of a cryptocurrency. In the Bitcoin arena, some of these whales remain unidentified but command vast sums. In fact, six of the largest unidentified whales currently hold over $10 billion in Bitcoin (BTC), equivalent to about 2% of the circulating supply. Let's take a closer look at these elusive Bitcoin titans.


1. Wallet 37X:

Identity: Unknown
Average Cost Price: $10.5k
Amount Held: 94.5k BTC
Original Purchase Value: $998m
Current Value: $2.78b
Unrealized Gain: 178% or $1.74b
Percentage of Circulating Supply: 0.49%
First Became Active: September 2019

This anonymous wallet sprung to life in 2019 and quickly accumulated a vast fortune. With an unrealized gain of 178%, this investor is no amateur in the crypto game.


2. Wallet 1Fee:

Identity: Associated with Mt Gox Hacker from March 2011

Average Cost Price: $29k

Amount Held: 79.96k BTC

Original Purchase Value: $2.32b

Current Value: $2.35b

Unrealized Gain: 1.39% or $30m

Percentage of Circulating Supply: 0.41%

First Became Active: March 2011

The identity behind this wallet is linked with one of the most notorious events in cryptocurrency history: the Mt. Gox hack of 2011. Despite the controversial origins, the wallet's value has increased slightly, marking a 1.39% gain.


3. Wallet bc1qd:

Identity: Unknown

Average Cost Price: $31.9k

Amount Held: 59.3k BTC

Original Purchase Value: $1.89b

Current Value: $1.74b

Unrealized Loss: 8% or $150m

Percentage of Circulating Supply: 0.3%

First Became Active: November 2021

One of the more recent entrants on our list, this wallet actually experienced an unrealized loss, showing that even the whales aren't immune to market volatility.


4. Wallet 1Ld:

Identity: Unknown

Average Cost Price: $569

Amount Held: 53.8k BTC

Original Purchase Value: $30.7m

Current Value: $1.58b

Unrealized Gain: A staggering 5,063% or $1.55b

Percentage of Circulating Supply: 0.28%

First Became Active: October 2014

With a whopping unrealized gain of over 5000%, this is a wallet that's been in the game for the long haul, benefiting from the exponential growth of Bitcoin.


5. Wallet 1Lru:

Identity: Unknown

Average Cost Price: $7.3k

Amount Held: 44k BTC

Original Purchase Value: $321.63m

Current Value: $1.29b

Unrealized Gain: 302.25% or $968m

Percentage of Circulating Supply: 0.23%

First Became Active: November 2019

Entering the fray in 2019, this investor saw a tripling of their initial investment, representing a 302% gain.


6. Wallet bc1qj:

Identity: Unknown

Average Cost Price: $26.3k

Amount Held: 36.29k BTC

Original Purchase Value: $955.7m

Current Value: $1.07b

Unrealized Gain: 12% or $114m

Percentage of Circulating Supply: 0.19%

First Became Active: March 2021

Another newer entrant, this wallet has enjoyed a modest 12% gain since its inception in 2021.


To view these wallet addresses and delve further into their transactions, you can visit the link: Loch Analysis (https://app.loch.one/home/64d5e3b60af50483d0be25c0). All of the above analysis was conducted using Loch.


The Bitcoin market is vast and ever-evolving. While the identities behind these whale wallets remain undisclosed, their financial movements can offer us insights into the market dynamics and trends. As with any investment, the cryptocurrency landscape requires diligence, research, and sometimes a bit of luck. Whether you're a whale or a minnow, there's always something to learn from the giants of the Bitcoin world.

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Loch, Inc. © 2023

The content made available on this web page and our mobile applications ("Platform") is for informational purposes only. You should not construe any such information or other material as financial advice in any way. All information provided on the Platform is provided on an as is and available basis, based on the data provided by the end user on the Platform. Nothing contained on our Platform constitutes a solicitation, recommendation, endorsement, or offer by us or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All content on this Platform is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Platform constitutes financial advice, nor does any information on the Platform constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the platform before making any decisions based on such information. In exchange for using the Platform, you agree not to hold us, our affiliates, or any third-party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Platform.

2261 Market Street,

San Francisco, CA 94114

Loch, Inc. © 2023

The content made available on this web page and our mobile applications ("Platform") is for informational purposes only. You should not construe any such information or other material as financial advice in any way. All information provided on the Platform is provided on an as is and available basis, based on the data provided by the end user on the Platform. Nothing contained on our Platform constitutes a solicitation, recommendation, endorsement, or offer by us or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All content on this Platform is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Platform constitutes financial advice, nor does any information on the Platform constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the platform before making any decisions based on such information. In exchange for using the Platform, you agree not to hold us, our affiliates, or any third-party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Platform.

2261 Market Street,

San Francisco, CA 94114