Ethereum Whales Withdraw Over $253 Million From Exchanges

Large Ethereum holders continue significant outflows, with a single wallet pulling over $154 million from Kraken in addition to earlier multi-million dollar transactions.

209d ago

Summary

On August 16, Onchain Lens reported that a newly created wallet withdrew 17,381 ETH worth $76.9 million from Kraken, bringing its total withdrawals to 34,973 ETH valued at $154.73 million. Earlier, another whale address identified as 0xE75 pulled 17,591 ETH worth $81.48 million from Coinbase, while Galaxy Digital withdrew 37,808 ETH valued at $172 million from various exchanges. These large-scale movements underscore a continuing trend of major Ethereum holders transferring funds off trading platforms.

Terms & Concepts

Ethereum Whale: An individual or entity that holds a large amount of Ethereum, capable of influencing market movements through significant transactions.
On-chain Data: Financial and transactional information recorded directly on a blockchain, accessible for analysis in real time.
Withdrawal: The act of moving cryptocurrency from an exchange to another wallet or storage solution, often seen as a sign of potential long-term holding or off-market activity.