Bitcoin Legend Owen Gunden Drops $372M in BTC to Kraken—What’s Behind This Massive Move Could Change Everything!
Ever wonder what it looks like when one of the earliest Bitcoin pioneers decides to stir the pot? Well, buckle up, because Owen Gunden just moved a staggering 3,600 BTC—roughly $372 million—sending ripples across the crypto ocean. And when a Bitcoin OG starts shifting that kind of weight, it’s not just a casual transaction; it signals something bigger—a subtle nod to changing tides in market sentiment. With the first batch of 500 BTC already landing on Kraken, is this just a savvy profit-taking move, or a warning flare for what’s next? Either way, it’s a bold reminder that in the world of crypto, even the whales must navigate tricky waters.
Early bitcoin investors increase selling as large transfers signal shifting market sentiment.
Photo: Oliver Tsappis
Key Takeaways
- Owen Gunden transferred 500 BTC worth about $52 million to Kraken.
- The move continues Gunden’s pattern of selling activity as an early Bitcoin adopter.
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Early Bitcoin investor Owen Gunden moved around 3,600 Bitcoin, valued at approximately $372 million, on Friday, according to data tracked by Lookonchain.
Of this amount, 500 BTC worth nearly $52 million was already deposited into Kraken, with the remaining 3,100 BTC expected to land on the exchange in the near future.
The OG Bitcoin whale’s transfers occurred amid recent market volatility, with Bitcoin briefly falling below the key $100,000 level before rebounding. The digital asset was trading at $101,841 at press time, down about 8% over the past week, per CoinGecko.
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