Whale Withdraws Over 30,000 ETH from Kraken, Worth $90 Million
Recent withdrawals from Kraken include an additional 5,000 ETH, underscoring sustained large-scale accumulation by major market holders.
ETH
LINK
Summary
On December 9, blockchain analytics platform Onchain Lens reported that a whale withdrew 5,000 ETH valued at $15.51 million from Kraken. This follows earlier large-scale movements, including a December 6 withdrawal of $13.98 million in crypto assets from Binance and Kraken, leaving the whale with a portfolio worth $74.83 million comprising 1.62 million LINK tokens and 6,050 ETH. These transactions are part of broader series of significant withdrawals by major holders, highlighting continued strategic accumulation in the crypto market.
Terms & Concepts
- Whale: An individual or entity holding large amounts of cryptocurrency, capable of influencing market prices.
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
- LINK: The native cryptocurrency of the Chainlink network, used to pay for services within its decentralized oracle system.