The whale address withdrew 7,980 ETH from Kraken 5 hours ago. In 10 days, it withdrew more than 88,000 ETH in total, with a floating profit of nearly 50 million US dollars.

CoinRank News: According to monitoring by Ember, a whale address whose ownership is not yet clear has been withdrawing ETH from Kraken over the past 10 days, and another 7,980 ETH has been withdrawn in the past 5 hours alone, with a total of 88,292 ETH transferred out. Based on the average price of $2,831, the current floating profit is $49.5 million. This address is newly created and only interacts with Krakens hot wallet. It may belong to a reserve address of a US stock company, or it may be Krakens internal cold wallet, but judging from the transfer characteristics, the latter is less likely.