According to Onchain Lens, the newly created wallet received 25,000 ETH worth $50.56 million from crypto exchange Kraken and likely belongs to Bitmine.
A newly created wallet received 25,000 ETH worth $50.56 million from Kraken, a cryptocurrency exchange, according to the source material. Onchain Lens, an on-chain analytics service, said on May 30 that the wallet likely belongs to Bitmine. The transfer highlights how blockchain-based fund movements can be tracked publicly through wallet activity, although the ownership attribution remains an assessment by the analytics provider rather than a confirmed statement from Bitmine or Kraken.