List of Flash News about Ethereum whale withdrawal
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2025-05-30 15:24 |
Whale Alert: Newly Created Wallet Withdraws 4,150 ETH ($10.72M) from Kraken – Potential Impact on Ethereum Price and Crypto Market Sentiment
According to Lookonchain, a newly created wallet withdrew 4,150 ETH (worth $10.72 million) from the Kraken exchange approximately 50 minutes ago, as reported on May 30, 2025 (source: Lookonchain via Twitter and intel.arkm.com). This significant outflow from a centralized exchange may indicate accumulation by a large investor, commonly referred to as a whale. Such moves typically signal bullish sentiment among institutional or high-net-worth traders, as assets are often moved off exchanges for long-term holding or DeFi activities. Historically, large withdrawals of Ethereum can tighten supply on exchanges, potentially leading to upward price pressure if demand remains strong. Traders should monitor on-chain flows and exchange balances closely for further indications of market direction. |