Cameron and Tyler Winklevoss transferred approximately $60 million in Bitcoin and $7 million in Ethereum to hot wallets linked to Gemini, according to on-chain data published by Arkham Intelligence.
The blockchain analytics firm described the movement pattern as similar to typical selling setups, where assets move from custody wallets to hot wallets connected to an exchange. However, the on-chain movements do not confirm that the coins were actually sold, as they may also reflect custody changes, liquidity planning, or internal exchange operations.
THE WINKLEVOSS TWINS ARE SELLING BITCOIN
The Winklevoss Twins just moved $60M of BTC to Gemini, and $7M of ETH. This activity pattern matches usual selling patterns (custody > hot wallet).
The Winklevosses still hold over $300M of BTC. They made ~$1.7 Billion from Bitcoin since… pic.twitter.com/OXtxB2QBqO
— Arkham (@arkham) July 1, 2026
The transfers occurred while Bitcoin was trading near $58,615, down 1.2%, closing June below $60,000. The Winklevoss twins’ recent history includes a $67.5 million BTC transfer recorded in June and another of $130 million in March.
Despite these transactions, the Winklevoss twins still hold over $300 million in Bitcoin according to on-chain data. Their estimated cumulative gains stand at $1.7 billion since 2015. Large inflows to exchanges raise concerns given the current weak market context, as they can create additional selling pressure on the price.
Source: https://x.com/arkham/status/2072261949656547682
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