Whale Moves 12,000 ETH to Kraken Amid Anticipation of Ethereum ETF Approval

Today, an anonymous large investor moved 12,000 ETH, valued at approximately $40 million, to the leading exchange Kraken. Arkham Intelligence data reveals that this substantial transaction traces back to the address “0x370,” linked to multiple addresses, including Kraken’s hot wallet. “Large deposits into exchanges are typically viewed as bearish signals,” says a noted blockchain analyst,

Source: CoinOtag