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Address withdraws 17,925 ETH from Kraken in the past half hour

Summary: According to on-chain analyst Yu Jin, an address has withdrawn 17,925 ETH ($50 million) from Kraken in the past half hour, totaling 72,050 ETH ($200 million) over 22 hours. Each withdrawal is valued at $10 million or $20 million worth of ETH, indicating a pattern of buying ETH and withdrawing to on-chain addresses.

According to on-chain analyst Yu Jin, an address has withdrawn 17,925 ETH ($50 million) from Kraken in the past half hour, totaling 72,050 ETH ($200 million) over 22 hours. Each withdrawal is valued at $10 million or $20 million worth of ETH, indicating a pattern of buying ETH and withdrawing to on-chain addresses.

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