The cryptocurrency community is reeling after one of Bitcoin’s earliest and most influential investors, Owen Gunden, abruptly exited the market, liquidating his entire holdings in a move many are calling the “end of an era". Gunden, often referred to by traders as the ‘King of Bitcoin’, reportedly accumulated the asset when it traded for less than a dollar. His final exit has left him with an estimated $1.3 billion, according to a recent report from Tron Weekly.

Arkham Intelligence data showed that Gunden quietly began offloading Bitcoin in October. On October 21, his wallet sent a series of large transactions to multiple exchanges, typically a signal that a sale is imminent. His final major transfer involved 2,499 BTC, valued at roughly $228 million, which he sold through the Kraken exch

See Full Page