Winklevoss twins move $67M in Bitcoin as Arkham flags selloff signal
The Winklevoss twins have transferred about $67 million worth of Bitcoin and Ethereum to Gemini wallets, with Arkham Intelligence identifying the transactions as matching their usual selling pattern.
According to blockchain analytics firm Arkham Intelligence, Cameron and Tyler Winklevoss moved roughly $60 million in Bitcoin (BTC) and another $7 million in Ethereum (ETH) from custody to hot wallets linked to the Gemini crypto exchange on July 1. Arkham characterized the transfers as consistent with the twins’ previous selloff behavior, although the firm did not confirm that the assets had already been sold.
The latest transfers come as Bitcoin and Ethereum continue trading under pressure following quarter-end selling and persistent weakness in investor sentiment. Recent price declines have also coincided with reduced expectations that the CLARITY Act will pass this year after U.S. President Donald Trump disclosed a $1.4 billion crypto-related windfall, a development some market participants have linked to shifting legislative expectations.
Since accumulating Bitcoin in 2015, the Winklevoss twins have realized about $1.7 billion in profit, according to Arkham Intelligence. Despite the latest transfers, they still control more than $300 million worth of Bitcoin. The July movement also follows earlier transfers to Gemini, including about $67.5 million in Bitcoin during June and another $130 million moved in March.
The Winklevoss twins have transferred about $67 million worth of Bitcoin and Ethereum to Gemini wallets, with Arkham Intelligence identifying the transactions as matching their usual selling pattern.
According to blockchain analytics firm Arkham Intelligence, Cameron and Tyler Winklevoss moved roughly $60 million in Bitcoin (BTC) and another $7 million in Ethereum (ETH) from custody to hot wallets linked to the Gemini crypto exchange on July 1. Arkham characterized the transfers as consistent with the twins’ previous selloff behavior, although the firm did not confirm that the assets had already been sold.
The latest transfers come as Bitcoin and Ethereum continue trading under pressure following quarter-end selling and persistent weakness in investor sentiment. Recent price declines have also coincided with reduced expectations that the CLARITY Act will pass this year after U.S. President Donald Trump disclosed a $1.4 billion crypto-related windfall, a development some market participants have linked to shifting legislative expectations.
Since accumulating Bitcoin in 2015, the Winklevoss twins have realized about $1.7 billion in profit, according to Arkham Intelligence. Despite the latest transfers, they still control more than $300 million worth of Bitcoin. The July movement also follows earlier transfers to Gemini, including about $67.5 million in Bitcoin during June and another $130 million moved in March.