According to Lookonchain, a newly created wallet 0x52B7 withdrew 30,278 ETH worth about $91.16M from Kraken, with Lookonchain noting the wallet may be linked to Bitmine, and the address activity is visible on Arkham Intelligence. Glassnode and CryptoQuant research show that sustained exchange outflows are often associated with investor accumulation phases and reduced on-exchange balances, a dynamic traders frequently view as supportive for ETH during such periods. Kaiko’s market microstructure research indicates that a single large withdrawal does not guarantee immediate price impact due to fragmented liquidity and depth across venues. Traders can monitor subsequent transfers from 0x52B7 and exchange reserve metrics to gauge follow-through using Arkham Intelligence and CryptoQuant dashboards. Sources: Lookonchain; Arkham Intelligence; Glassnode; CryptoQuant; Kaiko.

According to @EmberCN, pump.fun moved an additional 75 million USDC to Kraken about two hours ago, describing the funds as proceeds from ICO sales; source: @EmberCN. Since Nov 15, a cumulative 555 million USDC has been transferred by pump.fun to Kraken, indicating sustained exchange inflows over roughly half a month; source: @EmberCN. This cadence equates to approximately 30–31 million USDC per day since Nov 15, a scale that traders can use to gauge short‑term USDC liquidity on Kraken; calculation based on figures reported by @EmberCN, source: @EmberCN.

According to @lookonchain, in the last 7 hours two wallets bought a combined 4.08M EDEL worth about $133,000, source: X post https://twitter.com/lookonchain/status/1995721723417682139. Wallet 0x6530 withdrew 62,460 USDC from Kraken and purchased 2.0M EDEL roughly 6 hours ago, source: X post https://twitter.com/lookonchain/status/1995721723417682139 and Arkham Intel https://intel.arkm.com/explorer/address/0x65303D3b6948dA6a5e29f9a00FdcC4eaaAb8ab22. Wallet 0x3c05 withdrew 20.77 ETH (about $58,000) from Binance and purchased 2.08M EDEL roughly 7 hours ago, source: X post https://twitter.com/lookonchain/status/1995721723417682139 and Arkham Intel https://intel.arkm.com/explorer/address/0x3c057c3fF1A6401B324Fb3a9D0b0aD2Df78Ab6DB. Both purchases were funded by withdrawals from centralized exchanges Kraken and Binance, confirming on-chain accumulation of EDEL by two addresses within a short window, source: X post https://twitter.com/lookonchain/status/1995721723417682139.

According to @OnchainLens, a whale wallet traced back five years deposited 10,176 ETH, worth about $28.69M, to Kraken after converting from sETH following a 100-day hold (source: @OnchainLens; data: Nansen). The same entity had initially withdrawn 21,086 ETH valued at $7.35M and has been gradually moving funds back to exchanges, with the latest inflow specifically to Kraken (source: @OnchainLens; data: Nansen). The address involved is 0xd908995fd431eb0078cd35e912ff14e45043818f, and the transfer reflects a notable ETH inflow to Kraken that traders monitor via on-chain dashboards (source: @OnchainLens; data: Nansen).

According to @lookonchain, pump.fun deposited 75M USDC into Kraken about 11 hours before 69.27M USDC flowed from Kraken to Circle, indicating another $75M cash out tracked on-chain. Source: Lookonchain on X, Nov 27, 2025. Transfers from exchanges to Circle typically correspond to USDC redemption that removes tokens from circulation and settles USD to bank accounts, signaling an off-ramp to fiat. Source: Circle, USDC redemption and settlement documentation. Historically, large USDC redemptions have coincided with thinner market depth on exchanges, a dynamic traders monitor when assessing stablecoin liquidity conditions. Source: Kaiko Research, Stablecoin Liquidity and Market Depth (2023).

According to @EmberCN, Pump.fun transferred 75 million USDC to Kraken about eight hours ago, bringing cumulative transfers to 480 million USDC sent to Kraken over the 12 days since Nov 15 from ICO sale proceeds (source: @EmberCN on X). According to @EmberCN, the Pump.fun team previously stated these were not cash-outs but a redistribution of ICO USDC for business reinvestment (source: @EmberCN on X).

According to @OnchainLens, Arthur Hayes purchased 105,000 PENDLE valued at $260.5K from Flowdesk, with the activity tied to address 0x6cd66dbdfe289ab83d7311b668ada83a12447e21 per @OnchainLens. According to @OnchainLens, the same address deposited $3.04M USDC into Kraken, Wintermute, Cumberland, and Flowdesk yesterday, and @OnchainLens characterized these transfers as likely intended to buy assets again. According to @OnchainLens, traders can monitor this flagged address and the cited venues to gauge potential execution pace and near-term PENDLE liquidity shifts based on the reported flows.

According to @lookonchain, pump.fun has deposited 436.5M USDC into Kraken since Oct 15, indicating at least 436.5M USDC cashed out. Source: x.com/lookonchain/status/1992792570808897822 According to @lookonchain, 537.6M USDC moved from Kraken to Circle via wallet DTQK7G during the same period. Sources: x.com/lookonchain/status/1992792570808897822 intel.arkm.com/explorer/address/DTQK7GVk1MCSsLroZE3dbcj4htbLjqajE3XwzYQeJrah According to @lookonchain, between May 19, 2024 and Aug 12, 2025, pump.fun sold 4.19M SOL totaling 757M USD at an average price of 181 USD. Sources: x.com/lookonchain/status/1992792570808897822 intel.arkm.com/explorer/entity/pump-fun According to @lookonchain, of that total, 264,373 SOL was sold on-chain for 41.64M USD, while 3.93M SOL worth 715.5M USD was deposited into Kraken. Source: x.com/lookonchain/status/1992792570808897822

According to @EmberCN, over the past week pump.fun wallets transferred 405 million USDC into Kraken, while 466 million USDC moved from Kraken to Circle, which the author characterizes as a fiat off-ramp signal, source: @EmberCN. According to @EmberCN, the funds are proceeds from pump.fun’s June private sale of PUMP to institutions, source: @EmberCN. For trading context, large exchange flows have historically correlated with short-term crypto market volatility, making such treasury movements relevant for risk management, source: Glassnode. USDC redemptions through Circle indicate stablecoin off-ramping to fiat per the issuer’s redemption mechanics, source: Circle.

According to the source, early Bitcoin adopter Owen Gunden has reportedly sold his entire Bitcoin position worth about $1.3 billion after transferring his final 2,499 BTC to Kraken, with 11,000 BTC sold since October. Source: X post dated Nov 21, 2025.

According to @EmberCN, Bitmine received 17,242 ETH (about $48.96M) from BitGo and FalconX roughly 8 hours ago (source: @EmberCN). According to @EmberCN, Bitmine’s total weekly accumulation reached 63,114 ETH (about $188M) via Kraken, BitGo, and FalconX (source: @EmberCN). According to @EmberCN, Bitmine holds 3.56 million ETH at an average cost of $4,009, implying an unrealized loss of approximately $4.16B (source: @EmberCN).

According to @EmberCN on X (Nov 20, 2025), Bitmine received 24,827 ETH valued at about $72.52 million from BitGo roughly nine hours prior, indicating ongoing treasury accumulation activity by the firm, source: @EmberCN. According to @EmberCN, Bitmine’s total additions this week via Kraken and BitGo amount to 45,872 ETH, approximately $139 million, source: @EmberCN.

According to @OnchainLens, Owen Gunden deposited 2,499 BTC valued at approximately 227.94 million dollars to Kraken about two hours ago. Source: Onchain Lens post on X dated Nov 20, 2025. The address attribution and transfer trail are listed under the Owen Gunden entity on Arkham Intelligence, corroborating the on-chain movement and the description of this being the last 2,499 BTC. Source: Arkham Intelligence entity explorer for Owen Gunden. Large BTC exchange inflows increase on-exchange balances, a metric traders monitor for potential near-term sell-side liquidity and volatility. Source: Glassnode Academy explanation of Exchange Inflows and Kaiko research on order book liquidity.

According to @EmberCN on X (x.com/EmberCN/status/1990706662462873871), Mt. Gox executed a fresh BTC repayment-related transfer after an eight-month pause, sending 185.5 BTC (~$16.8M) to Kraken about 50 minutes before the post. Arkham Intelligence’s Mt. Gox entity page (intel.arkm.com/explorer/entity/mt-gox) shows the address still holds 34,689 BTC (~$3.16B), providing on-chain visibility for tracking further flows.

According to @OnchainLens citing Nansen data, wallet 0xa3b54dad750f5ac3cd150a07bed048686f35d627 deposited 4,037 ETH (about $12.66M) to Kraken after staking for two years, realizing a $5.08M profit (source: @OnchainLens, Nansen). According to @OnchainLens using Nansen data, the same whale previously withdrew 4,122 ETH (about $8.57M) and then deposited 4,366 ETH (about $13.65M) to Kraken (source: @OnchainLens, Nansen). According to @OnchainLens with Nansen data, the sequence reflects cumulative deposits of 8,403 ETH to Kraken by this address, shifting a sizable amount of ETH onto a centralized exchange for potential liquidity access (source: @OnchainLens, Nansen).

According to @OnchainLens, Owen Gunden transferred 2,401 BTC, approximately 244.96 million USD, into Kraken about three hours ago and still holds 2,499 BTC valued around 258.58 million USD, source: @OnchainLens on X referencing Arkham Intelligence. Large on-chain BTC deposits to centralized exchanges are monitored as potential immediate supply on spot venues by professional traders, source: Glassnode Academy, Exchange Inflows and Outflows. Traders can track Kraken BTC net inflows, spot order book depth, and funding or basis shifts to assess whether this transfer converts into actual sell pressure, source: Kaiko market microstructure research 2024 and @OnchainLens on X.

According to @OnchainLens, Owen Gunden deposited 450 BTC (approximately $45.7M) to Kraken and still holds 4,900 BTC (about $500M). Source: Onchain Lens on X (Nov 13, 2025). Arkham Intelligence’s entity page for Owen Gunden attributes the relevant addresses and displays remaining holdings consistent with these figures. Source: Arkham Intelligence (intel.arkm.com). Large holder transfers to centralized exchanges are closely monitored as potential sell-side liquidity events, so short-term traders often track Kraken BTC netflows and order book depth after such deposits. Source: Glassnode Research; CryptoQuant analytics.

According to @OnchainLens, on-chain data show Owen Gunden deposited 700 BTC worth about $73.23M to Kraken, while his labeled wallets still hold 5,350 BTC valued near $558.82M. Source: Onchain Lens on X, Nov 11, 2025; ARKM Intel Owen Gunden entity. A transfer to a centralized exchange makes those coins available for immediate order book trading, and historical research links net exchange inflows with higher near-term sell-side liquidity and volatility. Source: Glassnode Insights exchange flow reports 2020–2023; CryptoQuant Research on exchange netflows. Traders tracking BTC can monitor Kraken spot order books and on-chain netflow dashboards for follow-through from this wallet cluster, as identifiable exchange inflows often precede elevated intraday volumes across venues via arbitrage. Source: Kaiko market microstructure reports 2022–2024.

According to @OnchainLens, Bitmine purchased 18,271 ETH worth $64.59M from Kraken on Nov 10, 2025 (source: @OnchainLens). In total, Bitmine has acquired 41,792 ETH worth $147.55M from BitGo and Kraken (source: @OnchainLens). The transfers are tied to addresses 0xcAD31538A87D1dA737b3B5A9d4ca0cb9832c3D38 and 0xc5cf86486510a0da87d06aad67513ccdb84dcbf4 (source: @OnchainLens). The implied average acquisition prices are about $3,536 per ETH for the latest tranche and $3,533 overall, based on the reported amounts and values (source: @OnchainLens). Kraken operates a centralized crypto exchange and BitGo is a digital asset custodian, framing these as exchange and custody flows relevant to spot liquidity monitoring (sources: Kraken, BitGo).

According to @OnchainLens, Owen Gunden deposited 500 BTC worth $51.68M to Kraken, citing Arkham Intel for the wallet attribution. According to @OnchainLens, the wallet still holds 6,650 BTC valued at $685.71M. Based on figures from @OnchainLens, the 500 BTC represents about 7.5% of the reported remaining 6,650 BTC holdings and implies a reference BTC price near $103k. According to @OnchainLens, this was a further deposit, indicating continued exchange inflow activity from this address.