According to Lookonchain, Bitcoin OG Owen Gunden deposited his remaining 2,499 BTC worth about $228 million to Kraken roughly one hour ago, source: Lookonchain. The sending entity is labeled as “Owen Gunden” on Arkham Intelligence’s explorer, corroborating the attribution in the alert, source: Arkham Intelligence. Large BTC transfers to centralized exchanges are closely watched by traders because exchange inflows add on-exchange supply and have historically coincided with higher short-term volatility, source: CryptoQuant Research.

According to @EmberCN on X (x.com/EmberCN/status/1990706662462873871), Mt. Gox executed a fresh BTC repayment-related transfer after an eight-month pause, sending 185.5 BTC (~$16.8M) to Kraken about 50 minutes before the post. Arkham Intelligence’s Mt. Gox entity page (intel.arkm.com/explorer/entity/mt-gox) shows the address still holds 34,689 BTC (~$3.16B), providing on-chain visibility for tracking further flows.