New Ethereum and Solana Addresses Record Major Exchange Withdrawals
Recent blockchain data highlights large outflows from Kraken and Binance, involving newly created Ethereum and Solana wallets in multimillion-dollar transfers.
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Summary
Blockchain analytics reports reveal two notable large cryptocurrency withdrawals. Lookonchain identified a newly created Ethereum address, possibly linked to Bitmine, which withdrew 30,278 ETH worth $91.16 million from Kraken. Separately, Onchain Lens reported a newly created Solana address withdrew 200,001 SOL valued at $27.87 million from Binance. Both transactions underscore significant exchange outflows and may influence liquidity and attract market attention.
Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract execution.
- Solana (SOL): The native cryptocurrency of the Solana blockchain, designed for fast, low-cost transactions and scalable decentralized applications.
- Kraken: A U.S.-based cryptocurrency exchange offering trading services for various digital assets.