Whale Withdraws Over 80,000 ETH Worth $251M from Kraken Since July 10

On July 16, data from @EmberCN revealed a significant withdrawal activity involving a whale or institutional investor. Approximately 8,262 ETH, valued near $25.17 million, was moved out of Kraken within a three-hour window. This pattern of substantial asset relocation has been ongoing since July 10, with the entity extracting a cumulative total of 80,312 ETH, equating to roughly $251 million at an average price of $2,801 per ETH. Such large-scale withdrawals from a major exchange like Kraken may indicate strategic repositioning or liquidity management by high-net-worth holders, underscoring the importance of monitoring whale movements to gauge market sentiment and potential price impacts.