In the atmosphere of cryptocurrency, few occurrences are as revealing as large-scale token outflows, especially when they involve a hefty sum of Ether (ETH) getting taken out of circulation. In the last several days, more than 400,000 ETH have been withdrawn from the Kraken exchange. This is stoking a lot of new conjectures among analysts, investors, and market observers. Massive transfers aren’t unusual, but the scale of these outflows is hard to miss. With so many ETH being taken out of one of the industry’s major exchanges, is this a run on the exchange by whales and institutions that signals
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