According to Foresight News, monitoring by Lookonchain reveals that Abraxas Capital has been steadily accumulating Ethereum (ETH) since May 7. The firm has withdrawn a total of 278,639 ETH from exchanges at an average price of $2,350 per coin. This acquisition is valued at approximately $655 million. Currently, Abraxas Capital holds an unrealized profit of $77 million from these transactions.
Abraxas Capital Accumulates Ethereum with Significant Unrealized Profit
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