TechFlow, July 17 — According to on-chain data analyst Eunice, a whale/institutional address withdrew 7,980 ETH (approximately $26.86 million) from Kraken five hours ago.
Since July 10, this address has cumulatively withdrawn 88,292 ETH (approximately $250 million) from Kraken at an average purchase price of $2,831. It currently holds an unrealized profit of $49.5 million.
The analyst noted that the address is newly created and only interacts with Kraken's hot wallet, suggesting it could belong to a U.S. public company with ETH reserve plans but has not yet disclosed its holdings.




