According to @lookonchain, pump.fun has deposited 436.5M USDC into Kraken since Oct 15, indicating at least 436.5M USDC cashed out. Source: x.com/lookonchain/status/1992792570808897822 According to @lookonchain, 537.6M USDC moved from Kraken to Circle via wallet DTQK7G during the same period. Sources: x.com/lookonchain/status/1992792570808897822 intel.arkm.com/explorer/address/DTQK7GVk1MCSsLroZE3dbcj4htbLjqajE3XwzYQeJrah According to @lookonchain, between May 19, 2024 and Aug 12, 2025, pump.fun sold 4.19M SOL totaling 757M USD at an average price of 181 USD. Sources: x.com/lookonchain/status/1992792570808897822 intel.arkm.com/explorer/entity/pump-fun According to @lookonchain, of that total, 264,373 SOL was sold on-chain for 41.64M USD, while 3.93M SOL worth 715.5M USD was deposited into Kraken. Source: x.com/lookonchain/status/1992792570808897822

According to @EmberCN, over the past week pump.fun wallets transferred 405 million USDC into Kraken, while 466 million USDC moved from Kraken to Circle, which the author characterizes as a fiat off-ramp signal, source: @EmberCN. According to @EmberCN, the funds are proceeds from pump.fun’s June private sale of PUMP to institutions, source: @EmberCN. For trading context, large exchange flows have historically correlated with short-term crypto market volatility, making such treasury movements relevant for risk management, source: Glassnode. USDC redemptions through Circle indicate stablecoin off-ramping to fiat per the issuer’s redemption mechanics, source: Circle.

According to the source, early Bitcoin adopter Owen Gunden has reportedly sold his entire Bitcoin position worth about $1.3 billion after transferring his final 2,499 BTC to Kraken, with 11,000 BTC sold since October. Source: X post dated Nov 21, 2025.

According to @EmberCN, Bitmine received 17,242 ETH (about $48.96M) from BitGo and FalconX roughly 8 hours ago (source: @EmberCN). According to @EmberCN, Bitmine’s total weekly accumulation reached 63,114 ETH (about $188M) via Kraken, BitGo, and FalconX (source: @EmberCN). According to @EmberCN, Bitmine holds 3.56 million ETH at an average cost of $4,009, implying an unrealized loss of approximately $4.16B (source: @EmberCN).

According to @EmberCN on X (Nov 20, 2025), Bitmine received 24,827 ETH valued at about $72.52 million from BitGo roughly nine hours prior, indicating ongoing treasury accumulation activity by the firm, source: @EmberCN. According to @EmberCN, Bitmine’s total additions this week via Kraken and BitGo amount to 45,872 ETH, approximately $139 million, source: @EmberCN.

According to @OnchainLens, Owen Gunden deposited 2,499 BTC valued at approximately 227.94 million dollars to Kraken about two hours ago. Source: Onchain Lens post on X dated Nov 20, 2025. The address attribution and transfer trail are listed under the Owen Gunden entity on Arkham Intelligence, corroborating the on-chain movement and the description of this being the last 2,499 BTC. Source: Arkham Intelligence entity explorer for Owen Gunden. Large BTC exchange inflows increase on-exchange balances, a metric traders monitor for potential near-term sell-side liquidity and volatility. Source: Glassnode Academy explanation of Exchange Inflows and Kaiko research on order book liquidity.

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.

According to @OnchainLens citing Nansen data, wallet 0xa3b54dad750f5ac3cd150a07bed048686f35d627 deposited 4,037 ETH (about $12.66M) to Kraken after staking for two years, realizing a $5.08M profit (source: @OnchainLens, Nansen). According to @OnchainLens using Nansen data, the same whale previously withdrew 4,122 ETH (about $8.57M) and then deposited 4,366 ETH (about $13.65M) to Kraken (source: @OnchainLens, Nansen). According to @OnchainLens with Nansen data, the sequence reflects cumulative deposits of 8,403 ETH to Kraken by this address, shifting a sizable amount of ETH onto a centralized exchange for potential liquidity access (source: @OnchainLens, Nansen).

According to @OnchainLens, Owen Gunden transferred 2,401 BTC, approximately 244.96 million USD, into Kraken about three hours ago and still holds 2,499 BTC valued around 258.58 million USD, source: @OnchainLens on X referencing Arkham Intelligence. Large on-chain BTC deposits to centralized exchanges are monitored as potential immediate supply on spot venues by professional traders, source: Glassnode Academy, Exchange Inflows and Outflows. Traders can track Kraken BTC net inflows, spot order book depth, and funding or basis shifts to assess whether this transfer converts into actual sell pressure, source: Kaiko market microstructure research 2024 and @OnchainLens on X.

According to @OnchainLens, Owen Gunden deposited 450 BTC (approximately $45.7M) to Kraken and still holds 4,900 BTC (about $500M). Source: Onchain Lens on X (Nov 13, 2025). Arkham Intelligence’s entity page for Owen Gunden attributes the relevant addresses and displays remaining holdings consistent with these figures. Source: Arkham Intelligence (intel.arkm.com). Large holder transfers to centralized exchanges are closely monitored as potential sell-side liquidity events, so short-term traders often track Kraken BTC netflows and order book depth after such deposits. Source: Glassnode Research; CryptoQuant analytics.

According to @OnchainLens, on-chain data show Owen Gunden deposited 700 BTC worth about $73.23M to Kraken, while his labeled wallets still hold 5,350 BTC valued near $558.82M. Source: Onchain Lens on X, Nov 11, 2025; ARKM Intel Owen Gunden entity. A transfer to a centralized exchange makes those coins available for immediate order book trading, and historical research links net exchange inflows with higher near-term sell-side liquidity and volatility. Source: Glassnode Insights exchange flow reports 2020–2023; CryptoQuant Research on exchange netflows. Traders tracking BTC can monitor Kraken spot order books and on-chain netflow dashboards for follow-through from this wallet cluster, as identifiable exchange inflows often precede elevated intraday volumes across venues via arbitrage. Source: Kaiko market microstructure reports 2022–2024.

According to @OnchainLens, Bitmine purchased 18,271 ETH worth $64.59M from Kraken on Nov 10, 2025 (source: @OnchainLens). In total, Bitmine has acquired 41,792 ETH worth $147.55M from BitGo and Kraken (source: @OnchainLens). The transfers are tied to addresses 0xcAD31538A87D1dA737b3B5A9d4ca0cb9832c3D38 and 0xc5cf86486510a0da87d06aad67513ccdb84dcbf4 (source: @OnchainLens). The implied average acquisition prices are about $3,536 per ETH for the latest tranche and $3,533 overall, based on the reported amounts and values (source: @OnchainLens). Kraken operates a centralized crypto exchange and BitGo is a digital asset custodian, framing these as exchange and custody flows relevant to spot liquidity monitoring (sources: Kraken, BitGo).

According to @OnchainLens, Owen Gunden deposited 500 BTC worth $51.68M to Kraken, citing Arkham Intel for the wallet attribution. According to @OnchainLens, the wallet still holds 6,650 BTC valued at $685.71M. Based on figures from @OnchainLens, the 500 BTC represents about 7.5% of the reported remaining 6,650 BTC holdings and implies a reference BTC price near $103k. According to @OnchainLens, this was a further deposit, indicating continued exchange inflow activity from this address.

According to @lookonchain, Owen Gunden deposited 1,289 BTC worth about $138.2 million to Kraken, marking a large exchange inflow on Nov 4, 2025, source: @lookonchain on X (Nov 4, 2025). According to @lookonchain, this move fits a pattern the account described as Bitcoin OGs continuing to dump BTC, indicating early holders are moving coins to exchanges, source: @lookonchain on X (Nov 4, 2025). According to CryptoQuant and Glassnode research, large BTC transfers to centralized exchanges are commonly monitored as potential sell-side liquidity that can pressure spot prices when realized, source: CryptoQuant Exchange Flows documentation; Glassnode Insights on Exchange Balances.

According to Onchain Lens, Owen Gunden deposited 193.77 BTC, valued at USD 21.49 million, to Kraken and still holds 8,922 BTC valued at USD 990.85 million, based on Arkham entity tracking data, source: Onchain Lens; Arkham. The reported valuations imply an average transfer price near USD 110.9k per BTC and a remaining-holdings mark near USD 111.1k per BTC, source: calculation based on Onchain Lens; Arkham. Empirical studies show net inflows to centralized exchanges correlate with higher near-term sell-side activity on spot venues, which traders often interpret as increased sell-side liquidity risk, source: Glassnode Research; CryptoQuant. For confirmation or negation of sell pressure, traders can monitor Kraken BTC netflows, order book depth and spreads, and BTC derivatives funding and basis in the next 24 hours, source: CryptoQuant; Kaiko; Laevitas.

According to Onchain Lens, a long-term Bitcoin holder labeled OG (10/11) deposited 500 BTC, valued at 55.28 million dollars, into Kraken, with the transaction reference provided via the ARKM Intel explorer address 1E2JG2cZNkVdpdHQJ54MrpgoD28HHnZRpQ. Source: Onchain Lens on X https://x.com/OnchainLens/status/1984950572265689572; ARKM Intel explorer https://intel.arkm.com/explorer/address/1E2JG2cZNkVdpdHQJ54MrpgoD28HHnZRpQ. According to Onchain Lens, the same entity has cumulatively deposited 7,003 BTC, worth 781.81 million dollars, into centralized exchanges over the past three weeks, indicating sustained exchange inflow activity from this wallet. Source: Onchain Lens on X https://x.com/OnchainLens/status/1984950572265689572. According to Onchain Lens, the latest 500 BTC transfer implies an approximate per-BTC valuation of about 110,560 dollars based on the reported figures, providing a reference price for traders monitoring whale-sized exchange deposits. Source: Onchain Lens on X https://x.com/OnchainLens/status/1984950572265689572. According to Onchain Lens, traders can track the originating address and subsequent movements via the ARKM Intel explorer link to monitor any additional exchange-bound flows. Source: Onchain Lens on X https://x.com/OnchainLens/status/1984950572265689572; ARKM Intel explorer https://intel.arkm.com/explorer/address/1E2JG2cZNkVdpdHQJ54MrpgoD28HHnZRpQ.

According to @lookonchain, an address labeled BitcoinOG (1011short) deposited 500 BTC (about USD 54.98M) to Kraken roughly 2 hours ago (source: @lookonchain). @lookonchain notes this wallet has been repeatedly sending BTC to exchanges, describing it as 'keeps dumping BTC,' which is relevant for traders monitoring near-term sell pressure and exchange inflows on BTC spot markets (source: @lookonchain).

According to @PANewsCN, on-chain analyst Ai 姨 reported that the whale who shorted ahead of the Oct 11 flash crash has transferred a cumulative 1,200 BTC (~$132M) to Kraken over the past week, with the latest single deposit of 500 BTC (source: https://twitter.com/PANewsCN/status/1984818888492925188; source: https://x.com/ai_9684xtpa/status/1984805642880847924). Large BTC transfers to centralized exchanges are commonly monitored as potential sell-side intent, and elevated exchange inflows have historically coincided with weaker near-term price performance (source: CryptoQuant BTC Exchange Netflow metrics https://cryptoquant.com/asset/btc/flow/exchange/netflow; source: Glassnode Academy). Traders can track Kraken-specific inflows, overall BTC exchange netflow, and spot order-book liquidity to assess short-term sell pressure and volatility risk (source: CryptoQuant metrics documentation; source: Kaiko market microstructure research).

According to @EmberCN, a Bitmine-linked address received 7,660 ETH (about $29.28M) from Galaxy Digital roughly 6 hours ago. Source: x.com/EmberCN/status/1984417730376974426 The same source reports the address accumulated a total of 112,960 ETH this week (about $443M) via BitGo, FalconX, Kraken, and Galaxy Digital, with an average purchase price around $3,923. Source: x.com/EmberCN/status/1983695947453595801 The post notes the disclosure was sponsored by Bitget. Source: x.com/EmberCN/status/1984417730376974426

According to Onchain Lens, a long-term Bitcoin OG wallet labeled (10/11) deposited another 200 BTC worth about $21.94M to Kraken, taking three-week cumulative deposits to 6,003 BTC worth about $671.55M, with the activity traceable via Arkham Intelligence address 1E2JG2cZNkVdpdHQJ54MrpgoD28HHnZRpQ, source: Onchain Lens; Arkham Intelligence. Sustained exchange inflows of this size can increase near-term sell-side liquidity and have historically coincided with short-term downside risk in BTC when persistent, source: Glassnode Insights. Traders are monitoring Kraken netflows, order book depth, and the spot-futures basis to confirm whether these deposits translate into actual selling versus repositioning, as these metrics typically reveal realized sell pressure after large transfers, source: CryptoQuant; Kaiko Research.