Early Bitcoin Whale Owen Gunden Transfers 364 BTC Worth $40.25 Million to Kraken

On‑chain analytics firm Lookonchain reported that early Bitcoin whale Owen Gunden deposited 364 BTC (valued at approximately $40.25 million) to crypto exchange Kraken about seven hours ago.

Blockchain data shows the wallet associated with Gunden still holds roughly 10,959 BTC, equivalent to around $1.19 billion USD at current market prices. The large movement has drawn attention from market participants monitoring potential selling pressure amid renewed volatility in the Bitcoin market.

Analysts note that transactions from early‑era holders often attract scrutiny because they may signal profit‑taking or portfolio rebalancing after years of dormancy. However, it remains unclear whether the deposit represents an immediate sale or a custody transfer.

At the time of writing, Bitcoin is trading near $110,500 per BTC, up roughly 2% in 24 hours. Whale activity on major exchanges such as Kraken, Coinbase, and Binance continues to be closely watched for clues about near‑term market sentiment and liquidity trends.