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Whale/Institution Withdraws 7,980 ETH from Kraken Again 5 Hours Ago

Summary: According to on-chain data analyst Yu Jin, a whale/institutional address withdrew 7,980 ETH (approximately $26.86 million) from Kraken again 5 hours ago. Since the 10th of this month, this address has already withdrawn a total of 88,292 ETH (approximately $250 million) from Kraken, with an average withdrawal price of $2,831. Currently, it has unrealized gains ...

According to on-chain data analyst Yu Jin, a whale/institutional address withdrew 7,980 ETH (approximately $26.86 million) from Kraken again 5 hours ago.

Since the 10th of this month, this address has already withdrawn a total of 88,292 ETH (approximately $250 million) from Kraken, with an average withdrawal price of $2,831. Currently, it has unrealized gains of $49.5 million.

Analysts suggest that this address is a new one, only interacting with Kraken's hot wallet, and may belong to a US company with ETH reserves but undisclosed address.

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