Huge amounts of ETH withdrawals have been observed:
1. 50,000 ETH worth more than USD 188 million.
2. 50,000 ETH worth more than USD 188 million.
3. 12,414 ETH worth almost USD 47 million.
These transactions have been seen as ETH being tranferred/withdrawn from Kraken to unknown wallets.
It seems like whales are preparing for the big news of ETH ETFs going live on US exchanges. This would not only be a big news for ETH but also for other Ethereum blockchain based coins such $AAVE LDO UNI ENS $PEPE etc.
Coming weeks could see big movements in the crypto world.
This is not an investment advice, do your own research before investing in any coin.