PANews reported on July 17 that according to Yu Jin, a giant whale or institutional address whose identity is not yet clear withdrew 7,980 ETH from Kraken again 5 hours ago, worth about 26.86 million US dollars. Since July 10 , this address has withdrawn a total of 88,292 ETH from Kraken , with a total value of about 250 million US dollars, with an average purchase price of 2,831 US dollars, and a current floating profit of 49.5 million US dollars. This address is a new address and has only transactions with Kraken's hot wallet. Yu Jin speculated that this may be an address where a US stock company reserves ETH but has not yet been made public, or it may be Kraken 's own cold wallet, but the latter is less likely.