The wallets list is more informative for information about our mystery whale. It appears that a few weeks ago they withdrew ~8,000 UNO, something like 30% of the total Bittrex UNO. So they're withdrawing some of what they're accumulating, at least for now, they could of course deposit it all within minutes. Our data is a little more limited since Bittrex removed their distribution tab, but in my opinion it's a safe conclusion that the person who is regularly buying up the ask side on Bittrex is also the one who withdrew thousands of UNO recently (& the one who had 10,000+ UNO visible on Bittrex when they still had their distribution tab).
Nice catch! I know the wallet was up to like 32k uno or something insane like that. They broke it down into less intimidating chunks.
There are a few possible scenarios that could come of this imho.
First is this whale is accumulating to raise the market to dump. Anyone with half a brain wouldn't accumulate as much as they have to just dump the market down unless they were going to move mountains to make sure there was enough support there for their dump. Very challenging considering the amount they are currently holding.
Second would be there is a plan to the madness. They haven't come out and said anything yet because they are still in the accumulation phase and do not want to talk or discuss anything yet until they have reached their objective accumulation. Once that goal is reached then maybe they will start discussing their plans. I.e We are going to back Uno with x, y, or z.
Third would be someone hell bent on trying to destroy the coin by spending hundreds of thousands of dollars just to end Uno. Maybe Uno and him were old lovers, spurned, lying in wait for the perfect opportunity to strike.
It is very nice to see this rally. A lot of it has to do with bitcoins rising price which to me has become an indicator of troubling times in fiat markets. Last time btc went nuts was during the fallout of the 'great recession' so even though it is to the moon right now i still can't feel excited knowing that due to uncertainty and econmic instability we see the value increase. At least my risks are being diversified in a sense. We all know that ath as just that, ath, btfd when btc comes back down and hope for another rally or do we think that this momentum will continue?