Whale Withdraws $9.87 Million in ETH from Kraken Amid $45.6 Million ETH Outflows in 8 Days

A significant Ethereum (ETH) withdrawal was recently executed from Kraken, with a whale moving approximately $9.87 million worth of ETH. This transaction is part of a larger trend, as data shows that over the past eight days, a cumulative total of around $45.6 million in ETH has been withdrawn from the exchange. Such large-scale movements often indicate strategic portfolio adjustments by institutional investors or high-net-worth individuals. Monitoring these withdrawals provides valuable insights into market sentiment and liquidity dynamics within the crypto ecosystem. Kraken’s role as a major exchange makes these transactions particularly noteworthy for traders and analysts tracking capital flows in the Ethereum market.