Whale Commot 46,954 ETH ($126M) from Kraken
One big Ethereum whale don start big Kraken ETH withdrawal, e pull 6,998 ETH one time. For the last 12 hours, the same address don remove total 46,954 ETH (like $126.5 million) from Kraken. This fast waka out dey show say dem dey do strategic asset repositioning, no be small small transfer. Dis kain Kraken ETH withdrawals fit mean say dem dey accumulate and e go reduce exchange liquidity. That one fit make ETH price hold strong for up. Traders suppose dey watch more Kraken ETH withdrawals, on-chain transfer go cold wallets, and money wey dey enter DeFi protocols. For history, dis kain whale-driven exchange outflows dey come before short-term ETH rallies. The way Kraken liquidity tight dey fit affect Ethereum market for near time.
Bullish
Big whale-driven Kraken ETH withdrawals dey reduce on-exchange supply and dey tighten liquidity. Historically, similar outflows don dey happen before short-term ETH rallies as buy pressure dey increase. Strategically repositioned assets wey dey off-exchange fit support upward price momentum. Combined with ongoing on-chain movements to cold wallets and DeFi, this pattern fit likely boost Ethereum’s near-term market performance.