Mystery 94K BTC Transaction Becomes Richest Non-Exchange Address

Mystery 94K BTC Transaction Becomes Richest Non-Exchange Address

The recipient wallet of the $1 billion Bitcoin (BTC) 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 address that is not reportedly associated with any -related company, according to data from monitoring resource Bitinfocharts.

Top 5 richest addresses. Source: Bitinfocharts
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 Herpes Cat, at least two 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, 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 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.

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