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Let's follow the top one FTC addresse (just for fun)

Feathercoin Discussion
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  • L
    looarn last edited by

    Hi guys,

    I didn’t find a topic about this crazy FTC addresse, so here it is.

    What do you think about this craziness ?
    https://bitinfocharts.com/feathercoin/address/76qjio3eLoGGgnSCBk8rRmHRTfHJxz1Atc

    As we can see the guy(s) in a bit more than 3 months fill up this address with not less than 14 millions FTC.

    Current balance it’s around 11 millions though.

    Kind of crazy right, what are your guess ? Some golden boy having fun ?

    Enjoy!

    1 Reply Last reply Reply Quote 1
    • kelsey
      kelsey last edited by

      its an exchange’s wallet

      L 1 Reply Last reply Reply Quote 1
      • L
        looarn @kelsey last edited by looarn

        @kelsey said in Let's follow the top one FTC addresse (just for fun):

        its an exchange’s wallet

        Is this some official information or a though ?

        Anyway it’s quite a number for even a exchange address.

        Plus put all your coin in one address look to me like a bad behavior regarding security, I mean they can lose all the 14 millions coin in one time.
        If I was an exchange I will use several addresses as cold storage (look like this is cold storage).

        Thanks for your answer :)

        kelsey 1 Reply Last reply Reply Quote 0
        • kelsey
          kelsey @looarn last edited by

          @looarn its not a thought its a fact, not hard to follow when i’ve bought plenty off each exchange.

          yeah top address charts don’t mean much as mostly the top few are exchanges (so the coins owned by many users). plus for security most top individual holders split their coins into many wallets.

          1 Reply Last reply Reply Quote 1
          • B
            bsotnikow last edited by

            Yea, always been that way too on every coin. The top wallets are exchanges, thats why they have thousands and thousands of transactions. No single investor would have a reason to be moving their funds around constantly.

            1 Reply Last reply Reply Quote 1
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