BREAKING: OG Bitcoin Whale Owen Gunden Dumps $1.3 Billion in BTC – What’s Next? 🤯💰

Key Highlights

• Owen Gunden, an early Bitcoin whale, has sold his entire portfolio worth $1.3 billion. Talk about a flex, right?
• It wasn’t just a one-time sell-off. Nope! It was a weeks-long saga that started in late October, with a grand finale of $230 million worth of BTC sent to Kraken. 🐋
• The total exit of this long-time Bitcoin holder marks the end of an era for one of the most OG wallets in Bitcoin history. Bye-bye, old buddy! 👋

Owen Gunden, the self-proclaimed “OG” Bitcoin whale who’s been chilling with 11,000 BTC since 2011, just pulled the plug on his entire stash. Yep, you heard that right – $1.3 billion of Bitcoin is now gone, and Gunden’s wallet is practically dust at this point. So, what does that mean? A potential sell-off phase, that’s what. The crypto world is now buzzing with curiosity about his next move. 😬

According to Arkham Intelligence (which is like the Sherlock Holmes of crypto analytics), Gunden’s wallet has been making some serious moves for weeks. The grand finale? A juicy transfer of around $230 million worth of BTC to Kraken, wrapping up his “Goodbye Bitcoin” tour. 🎉

Gunden’s Epic Selling Spree

Gunden didn’t just wake up one day and decide to sell it all. Oh no! This was a well-planned, slow-burn process, like a good heist movie. From late October, he started transferring chunks of his Bitcoin stash, even unloading over half of his holdings, worth a cool $290 million in mid-November. Then, within the span of a month, he dumped 6,100 BTC, totalling $616 million. If this was a game of Monopoly, he’d be the guy flipping the table. 💸

Now, Gunden’s wallet has been around since the good old days of Bitcoin, back when BTC was so cheap it could buy you a nice dinner, not a Ferrari. This guy’s been holding since 2011, and after 14 years of riding the Bitcoin rollercoaster, he finally decided, “Hey, I’m out!” His patience has turned him into one of the rare investors who survived market crashes, insane highs, and everything in between. That’s some serious dedication-or maybe a bit of madness? 😜

But don’t think this was some reckless market dump. No, no! Gunden spaced out his sales to avoid creating chaos. He moved funds in small chunks, like a magician pulling rabbits out of a hat-except these rabbits are worth millions. The funds were likely sold into fiat or stablecoins, not just dumped for fun. And the fact that it went to Kraken? Classic move. Gotta make sure you’re doing it the right way. 🐙

The saga of Gunden’s exit began in earnest back in October. Over the course of the month, on-chain explorers tracked a total of 11,000 BTC leaving his grip. That’s about $1.3 billion worth of Bitcoin! To cap it all off, the final batch of 2,499 BTC was sent off to Kraken. Talk about closing the book on an era. 📚

And now, the wallet balance? A whopping $0.53. So, where did all that cash go? Gunden hasn’t given any clues. No signs of him diving into new digital assets or preparing to make a return. Looks like he’s out of the game, for now at least. Did he go traditional? Maybe he’s headed to the beach with a suitcase full of cash. Who knows? 🤷‍♂️

So, Owen Gunden’s exit marks the end of one of the longest-held Bitcoin positions in history. It’s all gone, transferred from one wallet to another. The market absorbed the massive sell-off without too much drama, which is honestly impressive. And thus, the legend of Gunden’s wallet comes to a close, reminding us all that even the OGs sometimes cash out when the timing’s right. 🙌

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2025-11-21 10:56