Three anonymous whale addresses withdraw $122M in ETH from exchanges

Three anonymous whale addresses have withdrawn a total of $122.29 million worth of ETH from FalconX and Kraken, according to on-chain analysis platform Arkham (ARKM). Two of the addresses are new, with this withdrawal marking their first transaction. Arkham noted on its official X account that the one whale with a prior purchase history is currently sitting on an unrealized loss of $9.1 million from its past buys. The platform added that this address could potentially belong to Bitmine, a publicly listed company that strategically accumulates ETH.