Bitcoin Veteran Owen Gunden Moves 2,499 BTC to Kraken Exchange
According to Onchain Lens, Bitcoin whale Owen Gunden transferred his final 2,499 BTC to Kraken, marking the conclusion of a month-long liquidation exceeding 11,000 BTC.
BTC
Summary
On November 20, Owen Gunden moved his remaining 2,499 BTC, worth about $228 million, to the Kraken exchange, according to Onchain Lens. This follows a series of sales over the past month totaling more than 11,000 BTC, suggesting Gunden has fully exited his Bitcoin position. The transfer underscores notable activity among large holders during ongoing market fluctuations.
Terms & Concepts
- BTC: The abbreviation for Bitcoin, the world's first and most widely recognized cryptocurrency.
- Kraken: A major cryptocurrency exchange based in the United States, offering trading services for digital assets.