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Ethereum Whale Unloads $19.5M on Kraken, Sending Mixed Signals

Guavy AI Editorial Team Published August 18, 2026

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An Ethereum whale withdrew $19.5 million in tokens from Kraken over two days and staked some of them through the Beacon Deposit Contract.

The wallet, tagged 0x8447, pulled out 10,300 ETH, valued at approximately $19.5 million, across two transfers on Monday and Tuesday.

This is part of a larger withdrawal pattern by this wallet over several weeks, with similar transactions occurring in July and August.

The staked tokens, worth around $3.84 million, will be unavailable for spot buyers as long as the validator remains active.

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