Whale Withdraws 46,954 ETH Worth $126.5 Million from Kraken in 12 Hours, Onchain Lens Reveals

Onchain Lens data, as reported by Mars Finance, reveals a significant movement of Ethereum assets from Kraken. Within the last hour, a notable whale executed a withdrawal of 21,387 ETH, valued at approximately $59.24 million. This activity is part of a broader trend observed over the past 12 hours, during which the same entity has transferred a cumulative total of 46,954 ETH, equating to roughly $126.5 million. Such large-scale withdrawals from a major exchange like Kraken may indicate strategic repositioning of assets, underscoring the importance of monitoring whale transactions for market sentiment analysis. Investors and analysts should consider these movements as part of broader liquidity and risk management strategies within the Ethereum ecosystem.