
On-chain data shows a Bitmine-associated wallet received 21,045 ETH worth $64.3 million from Kraken, continuing a trend of large transfers from major crypto entities.
Onchain Lens data indicates that a newly created wallet suspected to be linked to Bitmine received 21,045 ETH valued at about $64.3 million from Kraken. This follows prior multi-million ETH transfers earlier in November from Galaxy Digital OTC, including 9,176 ETH worth $29.14 million on November 14 and over 24,000 ETH two days prior. The pattern of large ETH movements highlights the redistribution of substantial reserves among prominent cryptocurrency firms and the capability of blockchain analytics to uncover possible ownership ties.