Four wallets withdrew 89,026 ETH valued at $197.85 million from FalconX and Kraken on May 16, according to Onchain Lens. The transaction points to a sizable on-chain movement of Ethereum, the native asset of the Ethereum blockchain, from two major crypto trading platforms into private wallet addresses. Large exchange outflows are commonly tracked by market participants because they can indicate asset repositioning, custody transfers, or reduced exchange balances, although the source does not specify the purpose of these withdrawals.