Ladies and gentlemen, prepare your monocles! Onchain analysts at Arkham Intelligence have whispered that Owen Gunden, a certain Bitcoin OG (read: ancient crypto hermit), has liquidated his legacy with a grand finale: $230 million in BTC now chilling at Kraken. One might call it a financial ballet-except the music is slippage and the encore is a $1.3B selloff.
OG Whale Clears the Decks: $230M BTC Transfer Marks Final Exit
Behold! One of Bitcoin’s earliest known whales-yes, the digital equivalent of a Victorian gentleman with a penchant for gold-has finally wrapped his moonlit exit. Arkham Intelligence reported Thursday that Mr. Owen Gunden, a 2011-era BTC pioneer, sent his final 2,499 BTC to Kraken, a transfer valued at approximately $230 million. One might say he’s trading his crypto crown for a quiet cup of tea and perhaps a new yacht.
Gunden’s liquidation began in late October, when onchain sleuths first noticed his decade-old wallets springing to life like a Victorian ghost in a blockchain séance. Over the month, more than 11,000 BTC vanished into exchange addresses, totaling roughly $1.3 billion. A veritable treasure trove, if one ignores the faint scent of “I told you so” wafting from the ether.
His final exit confirms he’s now fully out of the asset he held for 14 years-a duration that would make even a tortoise blush. Rumors suggest he amassed his fortune via arbitrage on Mt Gox and Tradehill, eventually hoarding 15,000 BTC. His wallets, once dormant as a Roman ruin, sparked a flurry of onchain gossip when they awoke in October. Analysts like Arkham, Lookonchain, and Onchain Lens were all agog, like spectators at a crypto opera.
The transfers? Delivered to Kraken with the precision of a Savile Row tailor. Why Kraken, you ask? Well, darling, it’s the OTC ballroom of choice for whales who prefer discretion over a splash. With BTC trading between $90k and $110k, Gunden’s moves were as calculated as a Bond villain’s monologue-minus the henchmen.
His strategy? A masterclass in subtlety. By batching sales over days, he avoided shaking the market like a tin of rattling bones. The crypto community, meanwhile, buzzed on X with everything from “panic!” to “philosophical musings about generational handoffs.” Gunden himself? Mute as a statue since 2018. His @bitbitrage account remains silent, perhaps contemplating the meaning of life-or a new identity.
Analysts call this the most significant realized-profit event in crypto history. Fourteen years of patient hodling, now concluded with a nine-figure swan song. A tale of patience, profit, and the occasional whale’s farewell waltz.
FAQ ❓
- Why did Owen Gunden send his last BTC to Kraken?
It is believed he chose Kraken for its OTC services-a whale’s private jet to liquidity, avoiding the chaos of public markets like a proper Victorian gent. - How much bitcoin has Gunden sold in total?
Onchain data reveals more than 11,000 BTC moved since October. A fortune, if one counts in zeroes. - When was the final transfer completed?
The last 2,499 BTC arrived at Kraken on Nov. 20, 2025. A date for the crypto history books-or at least a LinkedIn post. - Why did this movement gain global attention?
Because it’s rare to witness a decade-long BTC OG liquidate their stash. It’s the crypto equivalent of watching a dodo bird finally evolve.
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2025-11-20 20:04