Arkham said on X that a wallet has just withdrawn $34.5 million worth of Ether from Kraken, with the acquisition pattern appearing consistent with earlier purchases linked to crypto mining company BitMine. The on-chain analytics platform did not state definitively that the wallet belongs to BitMine, but said the activity matches its prior buying behavior. Arkham also said BitMine holds $978.05 million worth of Ether in wallets it has labeled on-chain. In addition, roughly $10 billion worth of Ether is currently staked, according to the same post. The update points to a fresh large-scale movement of ETH tied to an entity Arkham believes may be continuing to add to its position.
Techub News reported that on-chain analytics platform Arkham said on X that a wallet has just withdrawn $34.5 million worth of Ether from Kraken, and that the acquisition pattern matches earlier buying activity associated with crypto mining company BitMine.
Arkham added that BitMine holds $978.05 million worth of Ether in its labeled on-chain wallets. It also said roughly $10 billion worth of Ether is staked.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
