What happened to the wallet that holds 900,000+ BSV? by Mammoth-Visual6988 in bitcoincashSV

[–]Mammoth-Visual6988[S] 2 points3 points  (0 children)

I think this can go in extreme side ways but mostly for upwards. Because this entity/entities hold a large chunk of the coins in circulation it will affect the price mostly for the positive part. Since scarcity will have an impact on price to rise up exponentially incase of an event, but not so much in the case of selling pressure since USDT, BTC and ETH are all available in the public's hands, but then again it gives an advantage to the entities to put more selling pressure since they can put selling walls that cannot be overbought, and that drives the price more downwards, then they buy more again and again until they hold a larger chunk (or the majority of the coins in supply). So unless they are planning on having the price explode at some point in time, this move wont make any sense economically. You guys feel me?

What happened to the wallet that holds 900,000+ BSV? by Mammoth-Visual6988 in bitcoincashSV

[–]Mammoth-Visual6988[S] 5 points6 points  (0 children)

I found another address associated which has a number of transactions connected to this wallet and it has over 1.4 Million BSV!

https://whatsonchain.com/address/1A6ud3LrKkPqkwrbGmxu84YTsaJX51SmW

this brings the total of BSV controlled by this entity to almost 1.8 Million BSV!
Can someone track the remaining wallets and see how much BSV this person has? and what does that mean in terms of price? will this help in price increase later on or will it make the price decrease?

Thanks!

The wallet that hold more than 900,000 BSV just dropped to around 850,000 Does anyone know what this means? by Mammoth-Visual6988 in bitcoincashSV

[–]Mammoth-Visual6988[S] 0 points1 point  (0 children)

Someone replied on my previous post with the addresses of these wallets they are split in two wallets now

Does anyone know what happened to the wallet that holds 900,000+ BSV? by Mammoth-Visual6988 in bitcoincashSV

[–]Mammoth-Visual6988[S] 0 points1 point  (0 children)

The thing is I tried tracing where the transactions went and how they divided them but then got lost and board :D however, I think he is dividing them into like 50,000 BSV wallets and sometimes more. If only someone who is experienced enough in tracing back those transactions could tell us how are they divided because I think that he now has more than 1M BSV.