Metalpha Withdraws $18.67 Million in ETH from Kraken Exchange

Metalpha Withdraws $18.67 Million in ETH from Kraken Exchange

Metalpha has withdrawn 6,000 ETH, valued at $18.67 million, from Kraken, as per Lookonchain monitoring, marking a significant movement of digital assets.

ETH

Fact Check
The assessment is 'likely_true' with high confidence based on strong corroborating evidence from the most relevant sources. One crypto-focused news article directly supports every component of the statement: the actor (Metalpha), the action (withdrew), the asset and amount (6,000 ETH worth $18.67 million), and the location (Kraken Exchange). This source's credibility is enhanced by its citation of an on-chain analytics platform. Another news brief, while not specifying the exchange, independently confirms the withdrawal of 6,000 ETH by Metalpha for the same value of $18.67 million, strongly corroborating the core financial details of the transaction. There is one conflicting source, a post on X, which claims a withdrawal of only 3,000 ETH. However, this source has very low authority compared to the news outlets and the consistency between the two more authoritative sources on the 6,000 ETH figure significantly outweighs this single, less-credible contradiction. The remaining sources are irrelevant as they are general directories or raw data files with no specific information on this transaction. Therefore, the weight of the credible evidence strongly supports the original statement.
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Summary

Metalpha transferred 6,000 ETH, valued at $18.67 million, from Kraken Exchange, as confirmed by on-chain data from Lookonchain. The transaction occurred around three hours ago, though no additional details have been provided.

Terms & Concepts
  • ETH (Ethereum): A cryptocurrency and blockchain platform supporting smart contracts and decentralized applications.
  • Kraken Exchange: A U.S.-based cryptocurrency exchange offering trading, staking, and other digital asset services.
  • On-chain data: Information recorded directly on a blockchain, often used to track transactions and wallet activity.