After Ethereum fell near $2,200, on-chain analysts reported major exchange outflows. EmberCN and Onchain Lens said four wallets withdrew 89,026 ETH from Kraken and FalconX on May 16, with the value cited as about $198 million by EmberCN and $197.85 million by Onchain Lens; EmberCN linked the wallets to Bitmine. Separately, Ai Yi reported that a newly identified wallet withdrew 2,302 ETH worth $5.19 million from Binance at an average price of $2,254.82 after accumulating in several batches during the decline. The reports confirm the transfers, amounts, timing, and originating platforms, but do not state the purpose of the movements.