Bitcoin OG Owen Gunden has reportedly sold 3,600.55 BTC, valued at roughly $372 million. According to Captainaltcoin, 500 BTC from that amount has already been deposited to Kraken. The move comes at a sensitive time for the market, with Bitcoin still struggling to hold important price levels, and it has added to concerns about near-term selling pressure.
A large sale lands in a fragile market
Big transactions from early holders or whales are often closely watched by traders for clues about market sentiment. In this case, the size of Gunden’s reported sale is significant enough to draw attention on its own, but the timing has made it even more notable. With Bitcoin already fighting to maintain support, the reported liquidation has reinforced a cautious tone across the market.
Traders look beyond BTC spot exposure
As market conditions become more difficult, some traders are shifting their attention toward Bitcoin Hyper ($HYPER). The project is described as a Bitcoin Layer-2 network built with a modified Solana Virtual Machine, aiming to offer faster transactions, lower fees, and smart contract functionality. That positioning appears to be resonating with investors looking for opportunities tied to the broader Bitcoin ecosystem rather than only the price action of BTC itself.
Presale surpasses $26 million
The report says Bitcoin Hyper has raised more than $26 million in its presale since May 14, 2025, and that it has done so without private rounds or early venture capital participation. This structure is said to be attracting retail investors searching for early-stage projects with clear utility and upside potential. At the same time, the source material includes a disclaimer stating that the information is for reference only and should not be treated as investment advice.
Overall, Gunden’s large BTC sale has introduced another layer of pressure to an already tense Bitcoin market, while the growing attention on Bitcoin Hyper highlights how some investors are rotating toward new infrastructure narratives within the Bitcoin ecosystem.