Winklevoss Twins Transfer $60M Bitcoin and $7M Ethereum to Gemini on July 1

BTC2.85%
ETH3.42%
According to Arkham Intelligence, on July 1 the Winklevoss twins transferred approximately $60 million in Bitcoin and $7 million in Ethereum to hot wallets linked to Gemini. The blockchain analytics firm noted the transfer pattern resembles typical selling setups where assets move from custody wallets to exchange-linked wallets. However, chain movements do not confirm all coins were sold; transfers may reflect custody changes, liquidity planning, or internal operations. The transfers occurred as Bitcoin traded near $58,615, down 1.2%, while Ethereum traded around $1,572, down 0.95%.
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