Abraxas Capital Strikes During $ETH Rebound, Sits on $658K Profit
Nine hours ago, Abraxas Capital Management made a sharp move—withdrawing 21,999 #ETH (worth $39.92M) from Kraken as Ethereum bounced back, locking in an entry price of $1,814 per ETH.
Instead of holding passively, they swiftly deposited the entire amount into Aave and Compound, deploying their capital for yield.
As of now, that strategy is paying off—the position has gained $658K in unrealized profit.
Wallet address:
0xEd0C6079229E2d407672a117c22b62064f4a4312
Smart timing. Smart money. Will they keep compounding or prepare to offload into strength?
