According to Onchain Lens, a week-old address received 329,444 ETH (about $1.48B) from a labeled Kraken hot wallet, marking a large on-chain transfer of Ethereum to monitor for any subsequent movements, Source: Onchain Lens (X, Aug 28, 2025). According to Onchain Lens, the recipient wallet has not been confirmed and may belong to Kraken itself, so the ownership and any potential impact on exchange-held ETH are not yet determined, Source: Onchain Lens (X, Aug 28, 2025). According to Onchain Lens, no further details were provided at the time of the alert, Source: Onchain Lens (X, Aug 28, 2025).