Gemini founders Tyler and Cameron Winklevoss have transferred approximately $130 million in Bitcoin to the exchange's hot wallets over the past week. Blockchain analytics firm Arkham flagged the transfers, suggesting they were "presumably to sell." Other analyses propose these moves could be for exchange liquidity or OTC transfers.
Despite these transfers, the Winklevoss twins reportedly still hold substantial Bitcoin assets. Gemini recently underwent restructuring, including staff layoffs and market exits, to focus on AI-driven efficiency and prediction market initiatives. The exchange's stock has seen some recovery after a recent downturn.