Bitcoin OG whales are dumping money like crazy! Owen Gunden sold 600 BTC again, analysts: the wave of dumping is still intensifying

👤 hlosw@Ethan 📅 2026-02-04 06:47:08

Capriole Investments founder Charles Edwards pointed out that OG Bitcoin whales are frantically dumping goods, and this wave of craze began in November 2024 and continues to intensify this year.
(Preliminary summary: The night after Bitcoin fell below 100,000: Who bucked the trend and soared? Who broke his leg and returned to zero?)
(Background supplement: The female stock goddess lowered the target price of Bitcoin to 300,000: stable currency has replaced part of the role of BTC)

According to @OnchainLens monitoring this morning (9), the ancient Bitcoin whale Owen Gunden once again deposited 600 into the cryptocurrency exchange Kraken. Bitcoin, worth approximately $61 million. Currently, the whale still holds 6,050 Bitcoins, worth a total of approximately $618 million.

Owen Gunden has further deposited 600 $BTC, worth $61.17M, into #Kraken.
Owen still holds 6,050 $BTC, worth $618.78M. https://t.co/fjqIGflm7B https://t.co/lZJGZo73aa pic.twitter.com/uvFuPS2vQ9
— Onchain Lens (@OnchainLens) November 8, 2025

Owen Gunden continues to sell goods

According to public information, Owen Gunden is one of the recognized "OG" whales in the Bitcoin community. He belongs to the holders of the Satoshi (Satoshi) era (the early stage of Bitcoin). It is estimated that he accumulated more than 15,000 in the early years of Bitcoin. BTC.

However, Owen Gunden exhibited a highly active selling pattern in 2025, continuing to move large amounts of BTC to the exchange Kraken. Data shows that he has been selling Bitcoin every week since the end of October and has now cashed out more than $1 billion.

OG whale dumping wave

However, Owen Gunden may be just the tip of the iceberg in a larger whale dumping wave. Charles Edwards, founder of Capriole Investments, published a chart on the This chart clearly shows how many super whales are cashing out Bitcoin. All lines here are from OG Bitcoin holders from the pre-2018 era, holding for over 7 years.

Orange: $100 million in shipments

Red: $500 million in shipments

Line chart titled OG Whale Dumping with y-axis labeled Spend in USD from 0 to 1 and x-axis years from 2017 to 2025 showing black Bitcoin price line rising sharply and orange vertical bars for 100M OG dumps and red bars for 500M OG dumps clustered increasingly in later years especially 2025 with Glassnode watermark at bottom

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hlosw@Ethan

Blockchain and cryptoassets editor, focusing ontechnologyDomain content analysis and insights

Comment (10)

Hazel 30days ago

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A 30days ago

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Quinn 30days ago

"Not your keys, not your crypto", but most people don't manage their keys well.

Yolanda 30days ago

Blockchain is not just about currency speculation, the author grasps the essence.

Nora 30days ago

Looking forward to more explorations of the combination of technology and business.

Linda 30days ago

At present, the industry is developing rapidly, but the challenges are not small.

Rosa 30days ago

At present, many applications use blockchain for the sake of blockchain, and there are too many false demands.

Victoria 34days ago

At present, the industry is developing rapidly, but the challenges are not small.

Patrick 41days ago

Looking forward to more high-quality projects appearing.

Aaron 57days ago

Why is Ethereum called the "world computer"?

Bitcoin OG whales are dumping money like crazy! Owen Gunden sold 600 BTC again, analysts: the wave of dumping is still intensifying

Owen Gunden continues to sell goods

OG whale dumping wave

hlosw@Ethan

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