Early Bitcoin Investor Moves Over $429 Million in BTC Between Kraken and Wallet
Owen Gunden’s latest Kraken deposit of over $138 million adds to recent multi-hundred-million-dollar Bitcoin transfers, highlighting continued liquidity shifts among major holders.
BTC
HYPE
Summary
Since October 1, the '1011 insider whale' has deposited about 13,000 BTC worth $1.48 billion to Kraken, Binance, Coinbase, and Hyperliquid. Separately, early Bitcoin investor Owen Gunden has now sent 4,554 BTC valued at $502.73 million to Kraken since October 21, including a recent deposit of 1,288.76 BTC worth $138.23 million on November 4. He retains 7,150 BTC valued at $761.81 million. These sizable transfers underscore notable liquidity changes across large cryptocurrency exchanges.
Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.
- Kraken: A cryptocurrency exchange offering trading, staking, and custodial services for digital assets.
- Onchain Analysis: The process of examining blockchain data to track and interpret cryptocurrency transactions and trends.