Five New Wallets Amass $285M in ETH in a Single Day

In Brief:

5 newly created addresses have accumulated 76,987 ETH worth $285M.

3 of these wallets alone withdrew 10,703 ETH ($39.6M) from Kraken.

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According to Lookonchain data, five newly created Ethereum wallets collectively accumulated 76,987 ETH today, valued at approximately $285 million. Notably, three of the wallets withdrew 10,703 ETH from centralized exchange Kraken, worth roughly $39.6 million.

The purpose behind these massive ETH transfers remains unknown, but on-chain watchers are speculating whether these are institutional accumulation wallets or early moves ahead of a major DeFi or ETF-related development.

Large-scale ETH consolidation into fresh wallets is often seen as a bullish signal, suggesting long-term holding intentions or preparation for off-exchange activity.

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