Bitcoin whale Owen Gunden completes $1.3B sale with final transfer to Kraken
Crypto Briefing
Bitcoin whale Owen Gunden finalized his $1.3 billion sale by transferring the last batch of Bitcoin to the Kraken exchange.Summary
Bitcoin whale Owen Gunden, an early adopter known for holding substantial amounts since Bitcoin's inception, has completed the liquidation of his known Bitcoin wallets, totaling approximately $1.3 billion (around 11,000 BTC). The final transfer of these assets was made to the Kraken cryptocurrency exchange, marking the conclusion of a systematic sale process that had been tracked by the crypto community. Such large liquidations by long-term holders are closely watched by market participants due to the potential selling pressure they can exert on trading conditions.
(Source：Crypto Briefing)