Whale Withdraws 46,954 ETH Worth $126.5M from Kraken in 12 Hours

On July 10, data from OnchainLens revealed a significant withdrawal activity involving a whale address that moved 21,387 ETH from the Kraken exchange, equating to roughly $59.24 million. This transaction is part of a larger trend, as the same whale has extracted a total of 46,954 ETH from Kraken within the last 12 hours, amounting to approximately $126.5 million. The wallet address responsible for these substantial transfers is 0x35fbad7c85a99938bf8f7634859dd0c7d59e48d4. Such large-scale movements often indicate strategic repositioning by high-net-worth investors, reflecting shifts in market sentiment or portfolio management tactics within the cryptocurrency ecosystem.