Summary
- Early Bitcoin investor Owen Gunden has deposited 500 BTC to the Kraken exchange.
- Exchange deposits are generally interpreted as a sell signal.
- Gunden is still holding about 6650 BTC even after the deposit.
Owen Gunden, known as an early investor in Bitcoin (BTC), deposited Bitcoin to the Kraken exchange this morning.
On the 8th (local time), OnChainLens reported that Gunden deposited about 500 BTC (about $51.68 million) to Kraken. Typically, exchange deposits are interpreted as a sell signal.
Gunden still holds about 6650 BTC after this deposit, which is estimated to be worth about $685.71 million. Gunden is classified as an 'OG (original) whale' who has long held large amounts.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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