Whale Withdraws Over 80,000 ETH Worth $251M from Kraken Since July 10
2025-07-16 00:30:21
Main Idea
A whale or institutional investor withdrew over 80,000 ETH worth $251 million from Kraken since July 10, potentially impacting market sentiment and prices.
Key Points
1. On July 16, data revealed a whale or institutional investor withdrew 8,262 ETH (worth $25.17 million) from Kraken within three hours.
2. Since July 10, the entity has withdrawn a cumulative total of 80,312 ETH (valued at approximately $251 million) at an average price of $2,801 per ETH.
3. Large-scale withdrawals from a major exchange like Kraken may influence market sentiment and have potential price impacts.
Description
On July 16, data from @EmberCN revealed a significant withdrawal activity involving a whale or institutional investor. Approximately 8,262 ETH, valued near $25.17 million, was moved out of Kraken within
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