Bitcoin OG Owen Gunden moves $372M in BTC, first batch hits Kraken
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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