Rumors Claim Large Bitcoin Wallet Is a Whale’s Stash or Microstrategy’s Wallet Despite Conflicting Data

Five months ago, Bitcoin.com News published a communicative concerning the speculation surrounding the third-largest bitcoin wallet, arsenic galore observers judge the code is simply a mega whale. The study noted astatine the clip that the code “1P5ZED” shows each the tell-tale signs that it’s an speech platform, but to this precise time speculators inactive presume and inactive people unusual conjecture connected wherefore they deliberation “1P5ZED” is simply a monolithic bitcoin whale.

Famed Bitcoin Address ‘1P5ZED’ Once Again Sparks Unfounded Speculation and Rumors

The “1P5ZED” bitcoin address rumor is making the rounds again, arsenic radical wholeheartedly judge that the code is simply a bullish whale capturing monolithic quantities of bitcoin. Stories astir the “1P5ZED” bitcoin code person been published by crypto quality outlets, analysts person claimed the entity has a ‘trading strategy,’ Redditors person published threads connected the wallet’s transfers, and the wallet has been a topical conversation connected Twitter arsenic well.

For instance, connected April 21, 2022, a Twitter relationship called “Ozz, CEO of Altseason,” tweeted a assertion that the institution Microstrategy was selling and has sold bitcoin.

“I conscionable realized that Microstrategy has been selling bitcoin without telling nary one,” Ozz said. “Michael Saylor said helium would ne'er bash so, but yesterday helium sold much than 1,500 bitcoins. From their main address, bitcoins person been sent to a secondary code that has been utilizing Coinbase and Okex to merchantability bitcoins,” Ozz added. The Twitter relationship besides said Microstrategy’s addresses were:

• Main custodial address: 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ
• Secondary custodial address: 1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR

While immoderate radical called Ozz out connected the tweet due to the fact that the accusation is 100% incorrect, arsenic the code is not owned by Microstrategy, the tweet inactive exists with 262 retweets, 163 quoted tweets and adjacent to 1,200 likes astatine the clip of writing. The tweet further caused a ample magnitude of unfounded speculation and rumors astir Microstrategy that are untrue.

‼️I conscionable realized that you're a moron.

— Jameson Lopp (@lopp) April 21, 2022

This is due to the fact that the third-largest bitcoin code is not owned by Microstrategy and is much than apt an speech platform. Bitcoin.com News has investigated the “1P5ZED” bitcoin code before, and onchain analytics person shown speech spending patterns similar clump spending.

Industry Source Insists Blockchain Analytics Tools Tether ‘1P5ZED’ to Gemini

Onchain analytics from blockchair.com indicated that “1P5ZED” transactions are ever settled with precise small privacy. The artifact explorer oxt.me besides has 2 annotations which explicate that the “1P5ZED” bitcoin code whitethorn beryllium tied to the speech Bittrex.

However, aft Bitcoin.com News published our report connected “1P5ZED,” our newsdesk received a connection from an idiosyncratic astir the article. The idiosyncratic asked not to beryllium named and explained that they had “access to blockchain analytics tools (Chainalysis and Ciphertrace) arsenic portion of their occupation function.” The idiosyncratic further added:

There is an astir 100% accidental that some addresses successful your article, some 1P5ZED and 1FzWLk, beryllium to Gemini.

Blockchain parsers amusement that “1FzWLk” transacts rather a spot with “1P5ZED” transactions. “1FzWLk” is besides flagged with a note connected oxt.me astir the code being associated with an exchange. “[1FzWLk] annotated arsenic Okex by Whale Alerts. Though root and clump spending suggest person ties to Coinbase and Gemini,” Ergobtc wrote astatine the time.

While astir of the apical bitcoin addresses are labeled arsenic exchanges, radical proceed to hype things up successful the crypto media arsenic if this is simply a enigma bitcoin whale. The information is the wallet is astir likely, with astir a 100% guarantee, a well-known speech that has not been labeled arsenic a trading platform. Although, arsenic agelong arsenic the third-largest bitcoin code remains unflagged, it volition beryllium unfastened to mentation and conjecture.

Do you deliberation “1P5ZED” is simply a random whale code oregon bash you deliberation it belongs to an exchange? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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