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On September 26, monitoring by lookonchain shows that 15 wallets received a combined 406,117 ETH (about $1.6 billion) transferred from custodial providers Kraken, Galaxy Digital, BitGo and FalconX.
These sizeable Ethereum movements reflect material ETH transfers originating from institutional custody, providing a credible datapoint for analyzing circulating supply and liquidity dynamics without asserting unverified motives.
Institutional investors, risk and compliance teams, and market analysts should leverage on-chain analytics and custodial flow monitoring as part of routine due diligence to improve transparency and inform operational decision-making.
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