A Bitcoin whale who first bought BTC in 2011 appears to have sold his entire stash for a total of $1.3 billion, according to on-chain data. The wallets were connected to Owen Gunden, an early Bitcoin arbitrage trader, who was previously believed to be one of the top three richest crypto billionaires.
Gunden, who first bought Bitcoin in 2011, has been slowly moving his crypto fortunes around for years, according to Arkham Intelligence data, but has ramped up activity over the past month, including sending over $344 million to the centralized exchange Kraken.
Arkham Intelligence claims these r