Ethereum Outflow from Kraken: 78,824 ETH ($302M) Withdrawn; New Wallet Moves 27,159 ETH — Possible Bitmine Transfer

OnchainLens monitoring disclosed that a newly observed wallet withdrew 27,159 ETH from Kraken, valued at approximately $104.19 million. In total, three distinct wallet addresses executed outflows amounting to 78,824 ETH, or about $302.12 million. These transfers were identified through standard on‑chain analytics, and attribution to any custodian remains unconfirmed pending further verification.

Significant Ethereum withdrawals from centralized venues can influence short‑term liquidity and order‑book depth, metrics monitored closely by traders and risk managers. Although some on‑chain markers have been linked by observers to the institutional holder Bitmine, independent confirmation is pending; market participants should continue to monitor exchange balances and subsequent transfers to evaluate any measurable market impact.

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