Back

Whale Moves 2,992 ETH Worth $12.49 Million from RAILGUN to Kraken

A whale address withdraws 3,629 ETH from Binance, now holding a total of 3,666 ETH, further influencing Ethereum’s market liquidity.

ETH

Fact Check
The statement is directly and fully corroborated by multiple sources. On-chain analysis account @OnchainLens (Source 5) explicitly states that a whale deposited 2,992 ETH worth $12.49 million into Kraken, with the funds originating from RAILGUN. This report is echoed by news outlets Coinstats.app (Source 2) and Kucoin News (Source 13), which confirm the exact same figures and entities involved. The evidence is consistent, specific, and directly supports every component of the claim.
    Reference: 123
Summary

OnchainLens reports that a whale address withdrew 3,629 ETH, valued at $15.22 million, from Binance an hour ago. The whale now holds 3,666 ETH worth $15.36 million. Such movements continue to impact Ethereum's liquidity as whale activity intensifies.

Terms & Concepts
  • Whale: A term used in cryptocurrency markets to describe an individual or entity holding large amounts of a specific digital asset, capable of influencing market movements.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, staking, and decentralized application operations.