According to BitJie, Bitcoin whale Owen Gunden has sold his entire holdings. The eighth-largest global cryptocurrency holder liquidated approximately $1.3 billion worth of Bitcoin over the past month. Blockchain data from Arkham shows that Gunden’s wallet transferred its final 2,499 BTC (worth $22.8 million) to Kraken on November 20. This marks the full liquidation of 11,000 BTC since October 21. Gunden’s move comes as Bitcoin faces downward pressure and deteriorating market conditions. The early Bitcoin trader, who accumulated wealth through arbitrage on Tradehill and the now-defunct Mt. Gox, reportedly handled tens of thousands of BTC before the 2014 collapse of Mt. Gox. His recent actions align with a broader retail sell-off, driven by concerns that the latest bull run may be ending.
Bitcoin's earliest billionaire liquidates entire portfolio amid market crash
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