OnchainLens data shows a Bitmine-linked wallet moved $19.57 million worth of Ethereum from Kraken, highlighting notable on-chain activity involving the U.S.-based exchange.
On February 20, blockchain analytics platform OnchainLens observed a newly created address receiving 10,000 ETH, valued at approximately $19.57 million, from Kraken. The address is suspected to be linked to Bitmine. This significant transaction underscores notable on-chain flows between the U.S.-based exchange and entities in the crypto ecosystem, though the purpose of the transfer remains unclear.