One of the richest crypto billionaires has sold his Bitcoin again.
Cryptocurrency trading pioneer and the world's third-richest cryptocurrency owner, Owen Gunden, has transferred some of his coins to the Kraken exchange. 
One of the wealthiest Bitcoin owners, Owen Gunden, has once again started listing his coins on the Kraken exchange. The crypto billionaire's previous sales coincided with Bitcoin's local highs.
Owen Gunden was one of the first Bitcoin arbitrage traders, trading on exchanges like Mt. Gox and Tradehill. He amassed a significant sum in the asset's early days, and, according to Arkham estimates, as of late September, he was the third-wealthiest known cryptocurrency holder, with his Bitcoin holdings valued at $1.3 billion. This crypto trading pioneer was second only to Bitcoin's anonymous creator, Satoshi Nakamoto, with a net worth of $123 billion, and Justin Sun, founder of the Tron blockchain ecosystem, with a net worth of $2.3 billion.
On October 22, 364 BTC (approximately $40 million) were withdrawn from Gundeen's wallets to the Kraken exchange in several transactions. His balance remains at 10,959 BTC, valued today at $1.18 billion.
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The coin sale hasn't been officially confirmed, but a transfer to a wallet on a major crypto exchange is traditionally considered one of the most obvious signs. Gunden, who has owned Bitcoin since 2013, periodically transfers it to exchanges, and the dates of his most recent transactions coincide with the peaks of the cryptocurrency's price.
Thus, on January 16, 2025, when Bitcoin was trading at local highs amid Donald Trump's inauguration as US President, Gunden withdrew approximately 518 BTC at a rate of approximately $100,000. Prior to this, in April 2024, near Bitcoin's then-historical high of approximately $70,000, the trader transferred 169 BTC ($11.3 million at the time) to the trading platform.
Since July, as cryptocurrencies have risen to new highs, numerous cases of early Bitcoin holders “awakening” have been recorded. The owners of large wallets remain largely unknown. At the end of September, someone transferred Bitcoin for the first time since 2013, earning over $40 million. Two weeks earlier, 1,000 Bitcoins from 2014 were moved from another wallet, generating a profit of $100 million.
Source: cryptonews.net
