Cryptocurrency Market Reacts: Enormous ETH Transfers on Kraken, Possible Market Movements Ahead?

The cryptocurrency market is gradually compensating for the effects of the Binance and Coinbase lawsuits and reverting to its old state. Bitcoin (BTC), the leading cryptocurrency, is struggling to stay above $26,000, and altcoins are striving to follow suit. However, Ethereum (ETH), the second-largest cryptocurrency by market value, experienced a remarkable and terrifying situation a few hours ago. What Does the Huge ETH Transfer Mean? According to information shared by Whale Alert, an unknown crypto wallet address sent 80,000 ETH worth $140 million to the Kraken crypto exchange. The transfer raised eyebrows as it came directly from a private wallet address. The wallet owner, by choosing Kraken over Coinbase, affected by the lawsuits, could have been securing their investment. Upon analyzing the wallet, it was observed that the user made numerous transfers, a significant portion of which originated from the Binance crypto exchange. Approximately 30 days ago, this wallet began […] The post Cryptocurrency Market Reacts: Enormous ETH Transfers on Kraken, Possible Market Movements Ahead? appeared first on COINTURK NEWS.