Trustee of now-defunct Tokyo exchange Mt. Gox, “Tokyo Whale” Nobuaki Kobayashi, liquidated 24,658 bitcoin and 25,331 bitcoin cash over a period of about three months earlier this year:
#cryptocurrency #cryptocurrencynews #mtgox #bitcoin
Anyone should know it is impossible to sell an asset without affecting the market price, that's stupid. The last time the whale was selling he crashed the market; now the price is holding pretty good so that's actually a good sign, it probably explains why all the positive news is not causing the price to rise.
HOG_ZADDY4 months old | 24022 karma | Karma CC: 12265 months ago
The even more relevant portion -
While not specifying how the coins were sold, Kobayashi has denied those claims. In a document posted on June 2018, he stated that “upon consultation with cryptocurrency transaction experts, Bitcoin and Bitcoin Cash were sold in a manner that had no effect on market price and not by ordinary sale on an exchange, while ensuring the security of the transaction to the extent possible.”
Also no plans or timeline for the next sale of coins.