On Oct. 8, the Token Analyst wrote that, throughout Bitcoin’s history, the amount of the world’s most popular crypto coins on exchange wallets has consistently been increasing.
Almost 7% of the entire circulating supply of Bitcoin is held in the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst.
“Exchanges are the biggest HODLers”
The Twitter account, which provides real-time and historical blockchain data, estimated close to 1.2 million coins is currently held in the wallets of eight major exchanges – with the Token Analyst describing them as “the biggest HODLers.”
An accompanying graph shows that Huobi Group is leading the pack of crypto exchanges, with the most amount of BTC in its wallets. Binance and BitMEX are battling it out for second place.
HODL the date
One of the best-known words in the crypto vernacular is having a birthday party on Dec. 18. The word HODL was coined on BitcoinTalk almost six years ago, when Bitcoin started crashing after touching $1,000.
Bitcointalk member GameKyuubi gets the credit for coining the word HODL, a word that has been universally understood as a recommendation for not selling digital assets in times of FUD. He misspelled the word “hold” during a posted rant opposed to selling.
“Bitcoin price will rally higher”
Cointelegraph previously reported that CNBC crypto Twitter analyst Big Cheds said that the upcoming days are most likely going to be bearish for the crypto space, but that he remains bullish for BTC over the long term.
Mystery 94K BTC Transaction Becomes Richest Non-Exchange Address
The recipient wallet of the $1 billion Bitcoin transaction on Sept. 6 is now presumed to be the first richest non-exchange address.
The recipient wallet of the massive 94,504 Bitcoin ($1.031 billion) transaction is the top richest Bitcoin address that is not reportedly associated with any crypto-related company, according to data from monitoring resource Bitinfocharts.
Top 5 richest Bitcoin addresses.
A third of the coins came from Huobi
According to data by London-based blockchain data provider TokenAnalyst, at least one third of the mysterious transaction directly originates from Huobi exchange. Another analyst, blockchain data and metrics firm Glassnode tweeted that at least 73,000 BTC from the transaction originate from Huobi.
According to an earlier tweet by Crypto Herpes Cat, at least two Bitcoin wallets involved in the notable transaction belong to Huobi. One of the specified wallets is directly involved in the transaction.
Rumors run wild
As reported earlier today, crypto monitoring resource Whale Alert stated that the much-discussed transaction did not involve any known wallets or those belonging to any specific crypto exchange or any crypto-related firm.
Some analysts suggested that funds may be tied to institutional trading platform Bakkt, which starts accepting client deposits today.
Meanwhile, Huobi, which is ranked 20th biggest crypto exchange by adjusted daily trading volume at press time, was reported to have seen the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken by Aug. 23.
Huobi did not respond to Cointelegraph’s inquiry about the transfer by press time.