‘Top 10’ Richest Man In Crypto Just Dumped Entire $1.3B Bitcoin — Why Are Whales Leaving?
Key Takeaways
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A long-time Bitcoin whale has emptied his wallet.
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Traders are divided on what it means.
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Research shows whale influence is shrinking.
A long-time Bitcoin holder, named in the top ten richest men in crypto, has moved what appears to be the final tranche of his wallet, 2,249 BTC, to crypto exchange Kraken.
The Bitcoin whale’s move has stoked fears of a potential large-scale dump as BTC and the wider community continue to decline in sentiment.
On-chain analytics service Lookonchain reported that the whale, Owen Gunden, transferred 2,499 BTC in the early hours of Thursday.
The assets, valued at roughly $228 million, were the…
