Cryptocurrency exchange Kraken has recently seen a substantial withdrawal of 4,838 ETH, worth approximately $12.86 million. While this move is significant, it’s not expected to have an immediate impact on Ethereum’s overall liquidity or total value locked (TVL). The current event warrants close observation as experts monitor its potential implications for market sentiment. 2 new wallets recently withdrew a sum of 4,838 ETH from Kraken four hours ago. This withdrawal is being closely watched by analysts who track such movements for clues about holding strategies and potential redistributions across different platforms. Notably, this move comes after several large withdrawals from Kraken in recent days, including one involving 105,736 ETH. It’s important to note that these transfers often signal a shift in holdings or redistribution rather than an immediate sale of the cryptocurrency. If the funds remain offline for an extended period, it could contribute to price stability or upward momentum. However, if they move towards other exchanges, some selling pressure might be introduced. This withdrawal remains under scrutiny as experts continue to monitor its potential implications.