A large trader or institution withdrew 18,436 ETH (approximately $37.7 million) from Kraken in the early hours, following a 44,888 ETH withdrawal the previous day. Combined, the entity moved 63,324 ETH worth approximately $130 million at an average price of $2,072 from the exchange over the two-day period. The withdrawn ETH is now distributed across four separate wallet addresses, suggesting the funds may be held for long-term custody or strategic allocation.
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