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Early Bitcoin Investor Sells After Years of Silence #
An early Bitcoin investor has apparently sold everything after fourteen years. According to blockchain analysis firm Arkham Intelligence, this Bitcoin whale sent 11,000 bitcoin to exchanges in recent weeks, presumably to sell. The value of these cryptocurrencies is enormous: over €1.1 billion.
Early Bitcoin Investor Sells After Years of Silence #
According to Arkham Intelligence, the transactions originate from Owen Gunden, an early Bitcoin trader who for years was considered one of the wealthiest crypto holders in the world. Although he never sought publicity, stories circulated in the crypto community about his enormous early-acquired crypto fortune.
He got in fourteen years ago and was regularly in the top ten of richest Bitcoin holders. That’s now history, as according to Arkham Intelligence, Gunden has now sold everything.
OWEN GUNDEN HAS NOW SOLD ALL OF HIS $1.3 BILLION BITCOIN
Owen Gunden was an OG Bitcoin whale who held BTC since 2011. Since late October he has sold 11K BTC worth $1.3 billion.
He has just transferred $230M of BTC to Kraken, marking his final sale. pic.twitter.com/m0gQWCHrxZ
— Arkham (@arkham) November 20, 2025
Billions Worth of Bitcoin Sold #
According to Arkham Intelligence, Gunden had been sending small amounts of his bitcoin for several years, but his addresses suddenly became very active from November. Nearly €300 million worth of bitcoin was sent to the exchange Kraken in just a few weeks from his alleged addresses.
It cannot be said with certainty what the reason was for the transactions to exchanges. According to Arkham Intelligence, it’s likely that Gunden has sold all his bitcoin. The estimated value is €1.1 billion.
Gunden earned his fortune by holding his bitcoin for fourteen years and not selling. Over the years, his wealth fluctuated significantly. His net worth peaked at €812 million in 2021 but fell back to €181 million in 2022. When the Bitcoin price stood at $115,000 in July 2025, his wealth was estimated at €1.2 billion.
Crypto Market Under Pressure #
The sales took place at a time when the crypto market was under significant pressure. Bitcoin fell in the past two months from its peak of $126,000 to the current price of $83,000. The crash also dragged the rest of the crypto market down. Opinions are divided on whether this is a temporary dip or the start of a bear market.
Analysts regularly attribute the price decline to early investors cashing out. The departure of an early investor like Gunden is an example of this.