Transfer from Exchange Addresses (Outflow) - Kraken
Transfer from Exchange Addresses (Outflow) – Kraken measures the total amount of ICP sent from all known Kraken addresses, capturing the cumulative outflow of tokens from Kraken over a given period. This metric aggregates transfers using our continuously updated labeled dataset, with addresses identified through publicly available sources, official exchange disclosures, and internal research.
How it’s calculated
- Each transaction moving ICP from a labeled Kraken address to any other address is counted toward total outflow.
- Addresses are continuously verified and labeled, and outflows are updated as new information becomes available.
- Values may fluctuate over time, particularly for recent data points, due to new labeling or newly discovered addresses.
What this metric highlights
- Provides insight into Kraken-specific withdrawal activity, showing when ICP is leaving exchange custody.
- Rising outflows may indicate accumulation off-exchange, long-term holding, or strategic transfers, potentially reducing on-exchange liquidity.
- Helps track Kraken-related network trends, including liquidity movement and supply distribution.
Limitations
- Partial coverage: Not all Kraken addresses are publicly known; some outflows may be untracked.
- Dynamic and variable: Token movements occur rapidly, so outflow values are snapshots that may change as new addresses or transactions are labeled.
- Does not indicate intent: Transfers could reflect trading, staking, custody management, or other operational purposes.
- Informational purposes only: This metric is a proxy for Kraken outflow activity, not a definitive measurement of market behavior or liquidity.
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