Why cryptocurrency market is running a fever and whose fault is that? Part 2, unchartered territories
Why cryptocurrency market is running a fever and whose fault is that? Part 2, unchartered territories LetKnowNews Follow Jun 25, 2018 · 7 min read

This article is a continuation of our investigation on possible crypto market manipulation.

Chapter 1: Crypto Pager

Pager — is a small radio device, activated from a central point, which emits a series of bleeps or vibrates to inform the wearer that someone wishes to contact them or that it has received a short text message.

You might have already inquired: “Why on Earth am I reading about pager in the article, that was meant to provide some inside on cryptocurrencies?”

That’s a good question. Even we, ourselves thought that nobody is using pagers since 2005.

We fond an empty wallet address with the balance 11,328 BTC from April 26 — June 12 with two weird transactions:

- 0.00000666 bitcoins on May 8, 2018

- 0.000033 bitcoins on May 21, 2018

Source: Coinbase

USD/BTC exchange rate on May 8 and May 21, 2018.

Interesting, isn’t it? There was a transaction of 0.000033 BTC on May, 8 and then the exchange rate surged by 13.5%. There was another transaction of 0.00000666 BTC on May, 21 and then the exchange rate fell by 17.2%.

Transactions with wallet 3KUqd9xpYqPqyYQ29v9DAsVdxpk9sgHL39

The whole story with a large, single-serving wallet and strange transactions made us think of crypto paging.

For example, when big wallet owners meet somewhere in Malta and come to an agreement of signal transactions right before the manipulation, then those signal transactions were algorithmized by bots and DUMP button becomes a reality. You press the button, the wallet generates transactions with certain codes addressing other wallet, where bots accepting those transactions, analyzing them and starting the coordinated manipulation.

Photo of the mentioned DUMP button. (From secret sources).

Chapter 2: Coincidence

Here is another wallet with the balance of 66k BTC which has received 0.00000666 on May, 8. The number of the block of its transaction is 521732.

If you simply take the random block in chain — number 521733, you will see the whole bunch of transactions of the amount of 0.00000666 BTC:

Block 521733, txid, 0,00000666 BTC into the wallet with balance of 36,000 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 35 999 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 35 519 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 34 276 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 37 415 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 32 489 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 31 269 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 31 084 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 30,108 BTC;

Block 521733, txid, 0.00000666 BTC into the wallet with balance of 31 000 BTC.

These are just 10 transactions 0.00000666 BTC each. There are 25 transactions alike in a block 521733. And the 25th transactionwas done to the wallet with the balance of 25489 BTC.

However, if you try to follow any transactions mentioned above — in just few clicks you will find wallets that were ‘non-operational’ since 2015 or even earlier, and which balance increases by either 0.00000666 (May, 8) or 0.000033 (May, 21) or some other tiny amounts.

If you follow the hyperlinks mentioned in this article, the very last transaction (0.000033) will lead you to the very interesting wallet.

In this wallet you will find many transactions equal amount of 0.000033 distributed between 95 or so addresses. And if you randomly click on any of the addresses — literally any — you will bump into a whale, whose balance is between 10k and 30k. Please try it yourself!

There is a possibility of some technical thing — that’s the way either bitcoin-blockchain or tumbler works. That’s a possibility we won’t neglect. How about other dates though?

This wallet, for example, from our point of view is just a kind of ‘crypto messages hub’ has a history of many small transactions (0.000033 and 0.00000666) and accumulated total balance of 79,957 BTC.

Lastly, on March 3, 2018 this wallet receives 0.0000088 BTC (block 511686). You may ask yourself a question “What’s so special here?”:

USD/BTC, Coinbase (source)

On March 3, 2018 there was a fall of BTC exchange rate — from 11.6 till 7.3 or by 37.5%. If one looks closer in block 511686 one might notice only transactions with 0.00000888 BTC evenly distributed to 20 different wallets.

As a gesture of good will and specially for you our reader, we are going to analyses first 10 txid:

Moreover, all those addresses are quite strange:

1GzDzEKEWVE4x1avy16YHSpdVS3dWLDPVS, with zero balance, but on March, 3, 2018 there was a transaction from this wallet of 0,00002018 BTC. Numerology, right? Transaction was done in block 511687 but if you open this block, you will not be able to find a transaction of 0,00002018 BTC. How is it even possible?

169GWsGCq5h8rvw1VyQSRC3MPYXrEJ1JyT, and zero balance, which is generally speaking is quite strange as there was a transaction from this wallet (block 511686), and balance is zero and there are no records of receivers and it is impossible to determine where the bitcoins came from. If anyone knows blockchain better than we do, please send us the explanation or share your opinion with us.

1Q4i7ZTsarPYNFQ2yq24EorWvFbFLzGQjE, zero balance, no info of where 0.19 BTC came from the story is the same as with the wallet above.

Here are some more wallets with the “disappeared transaction”

Chapter 3. Decoding

When you are in the dead-end you need to revert back to the nearest starting point. In our case it’s a hub with incoming crypto messages: 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF.

Let’s try to find the correlation between the history of signal transactions from this wallet in 2018 and BTC price for the same period.

Here are those crypto messages:

Now, lets try to plot those crypto messages (Date and time) against the USD/BTC chart and see the correlation:

BTC/USD, daily, Coinbase.

If we try to color those signals with Green being pump signal, Red being dump signal, and yellow being side moves, we would have the following picture:

Now if you spend time, long enough to meditate, you should find such regularities as:

- 0.00001 BTC precedes trend (both up and down) and the next 0.00001 BTC finishes the trend.

- the second time we bounced back from 6.0–6.6k at the beginning of April, 2018 there were a lot of signals: 0.0001 (finishing dump on 22 March), 0.00009, 0.00005, 0.00001 (begging of uptrend that finishes with another 0.00001 on April,22), 0.00025 and 0.00004.

- Dump from 10k at the beginning of May was performed in two waves — 0.00000666 signal in front the first wave and another signal of 0.000033 before the second wave.

- There was also a strange signal of 0.00012345. We have no idea what it stands for.

Chapter 4: Epilogue

The idea to use blockchain as a system of crypto paging signals for some synchronised actions look absolutely realistic to us. Just one prior meeting, agreement upon numbers — and then signals are sent, that are caught by bots with already prepared algorithms.

Simple. Fast. Effective. Global.

The final destination for such signals are wallets with a lot of bitcoins. The poorest wallet we could find had a balance of 10k BTC.

Usually such signals come 1–3 days prior the trend change. It is possible that algorithm, that works according to such signals breaks the trend inertia in 1–3 days and then the backward trend begins.

We are pretty sure this is not the only crypto hub we found, it is just one of many.

If our theory is correct, then downtrend should have started after 0.00001 BTC, if so, this trend won’t finish before another 0.00001 BTC. So, fasten your seatbelts — we are swooping down.

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['ICO', 'Blockchain', 'Cryptocurrency', 'Bitcoin Wallet', 'Bitcoin']