Ethereum Wallet Withdraws Massive $40 Million from Kraken: Sign of Institutional Interest?

A new Ethereum wallet has made a major move, withdrawing an eye-catching $40 million worth of ETH from crypto exchange Kraken on August 16th. This large withdrawal is being viewed as a potential sign of growing interest in staking and self-custody solutions among institutional investors. While the identity of this new wallet remains unclear, experts are already speculating about its impact on market liquidity and future price volatility.