Shocking Bitcoin Exodus: Kraken’s Wallet Takes a Hit! 💸

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In a turn of events that would make even the most seasoned financial wizard raise an eyebrow, the illustrious blockchain detective, Whale Alert, has unveiled a rather staggering spectacle. Just a few hours ago, the venerable US cryptocurrency exchange, Kraken, found itself the unwitting host of a colossal Bitcoin withdrawal that could make a banker weep into his morning coffee.

Picture this: a transfer that would make Scrooge McDuck’s vault look like pocket change, totalling a jaw-dropping $400 million in Bitcoin! And lo and behold, this marks the third such withdrawal from Kraken in a mere day. As if that weren’t enough, our dear Whale Alert also caught wind of two other BTC transactions involving none other than the US’s largest crypto exchange, Coinbase. Talk about a busy day at the office!

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 4,777 #BTC (394,600,451 USD) transferred from #Kraken to unknown wallet

— Whale Alert (@whale_alert) March 12, 2025

$1.383 billion in Bitcoin exits Kraken and Coinbase

According to our ever-reliable source, just three hours ago, an anonymous wallet owner decided to make a grand exit with a staggering 4,777 BTC from Kraken. This little escapade was worth a princely sum of $394,600,451. One can only imagine the wallet owner’s glee as they clicked ‘withdraw’—a moment that surely rivals the thrill of winning the lottery!

But wait, there’s more! Two other withdrawals from Kraken during the same day were not far behind, with amounts of 4,069 BTC and 4,420 BTC, valued at $331,654,708 and $359,110,039 respectively. It seems Kraken is the place to be for those with a penchant for large sums of digital currency.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 4,420 #BTC (359,110,039 USD) transferred from #Kraken to unknown wallet

— Whale Alert (@whale_alert) March 11, 2025

In addition to the Kraken kerfuffle, Whale Alert has also spotted two more hefty Bitcoin transfers. A cool 1,799 BTC, worth $149,168,702, was shuffled from one anonymous wallet to another—perhaps a clandestine OTC trade or a whale simply playing musical chairs with their Bitcoin. Meanwhile, 1,800 BTC (valued at $148,993,026) made its way out of Coinbase. It’s a veritable Bitcoin bonanza!

Bitcoin price strives to recover

Meanwhile, in the grand theatre of cryptocurrency, Bitcoin, the reigning champion of digital coins, is valiantly attempting to recover from its recent tumble to the $77,600 mark on March 11. Over the past 24 hours, this resilient coin has managed to bounce back by 7.3%, reaching a height of $83,270, only to experience a slight dip of 2.39%. But fear not, dear investors, for another ascent is on the horizon! As of this very moment, Bitcoin is trading at a respectable $82,850 per coin on the Bitstamp exchange. What a rollercoaster ride!

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2025-03-12 15:15