Ethereum, institutional buying continues… 78,229 ETH withdrawn from Kraken in 10 hours
Suehyeon Lee
Summary
- It reported that institutional investors' Ethereum (ETH) buying pressure continues.
- It said that 78,229 ETH (about $342 million) was withdrawn from Kraken to four new wallets in the past 10 hours.
- It said SharpLink is expected to make a large additional purchase of Ethereum.
Institutional investors' Ethereum (ETH) buying pressure continues.
On the 11th (local time), LookonChain said on X, "Institutional investors' Ethereum purchases continue. A total of 78,229 ETH (about $342 million) was withdrawn from Kraken into four newly created wallets in the past 10 hours."
Meanwhile, SharpLink also received about $379 million worth of Tether (USDT) and USDC and then transferred it to Galaxy Digital's OTC wallet. Therefore, SharpLink is expected to make a large additional purchase of Ethereum soon.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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