Editor's PiCK
"OG whale prepares to sell all 11,000 bitcoins… $1.12 billion in value"
Summary
- Lookonchain said that early Bitcoin investor Owen Gunden appears to be preparing to sell all 11,000 Bitcoin he holds.
- They said the Bitcoin are currently worth $1.12 billion (about 1.6 trillion won).
- Lookonchain said the remaining Bitcoin are likely to move to Kraken within the next few days.
A whale (large investor) appears to have begun selling as many as 11,000 bitcoins (BTC).
On the 9th (local time), on-chain analytics firm Lookonchain stated on its official X account, "Bitcoin OG (early investor) Owen Gunden (Owen Gunden) appears to be preparing to sell all 11,000 bitcoins he holds." The bitcoins are currently worth $1.12 billion (about 1.6 trillion won).
Earlier, the whale moved about 3,600 bitcoins worth $372 million (about 550 billion won) on the previous day (the 8th). Of these, about 600 have already been deposited to the cryptocurrency exchange Kraken. Exchange deposits are typically interpreted as a sell signal. Lookonchain said, "The remaining bitcoins are also likely to move to Kraken within the next few days."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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