- Significant ETH withdrawal from Kraken linked to BitMine’s address.
- Transfer totals approximately $73.4 million in ETH.
- Previous large BitMine ETH acquisitions noted.
A newly created wallet withdrew 23,637 ETH, valued at approximately $73.40 million, from Kraken, with attributes suggesting links to Ethereum treasury company BitMine, according to Onchain Lens monitoring.
This substantial cryptocurrency movement highlights the ongoing trend of significant Ethereum withdrawals, emphasizing potential influences on market dynamics, though primary sources provide no confirmation of BitMine involvement.
Large ETH Transfer from Kraken Raises BitMine Speculation
Recently, a newly created wallet withdrew 23,637 ETH from Kraken, an exchange known for facilitating substantial cryptocurrency transactions. Onchain Lens’s data suggest the wallet shares characteristics with BitMine-related addresses, pointing to potential ties.
The movement of such a significant amount of ETH highlights possible strategic asset positioning by BitMine, an Ethereum treasury company. This aligns with past behavior, where BitMine has conducted large ETH purchases, amassing over 200,000 ETH in October 2025.
Despite the transaction’s significance, there have been no official statements from BitMine or Kraken, leaving the speculation unaddressed. As Vitalik Buterin, Co-Founder, Ethereum noted, “Noted no commentary linked to the ETH withdrawal incident.” Community and expert reactions have been minimal, with no public findings from key cryptocurrency figures.
Market Response and Potential Regulatory Impact
Did you know?
Previous incidents of large ETH withdrawals by whale addresses had sparked bullish market reactions, suggesting BitMine’s actions align with historical speculative movements.
Ethereum’s current price stands at $3,081.57, with a market cap of $371,929,900,433. This represents 12.25% market dominance. Notably, ETH’s price has decreased by 31.48% in the past 90 days, according to CoinMarketCap.
Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 16:12 UTC on December 14, 2025. Source: CoinMarketCapThe Coincu research team highlights potential impacts on ETH’s price stability should similar large transactions by BitMine continue. Regulatory scrutiny could increase, affecting the overall market landscape in the process.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/large-eth-transfer-from-kraken/
