Massive $ETH Accumulation: Abraxas Capital Pulls $297M Off Exchanges

In just the past 48 hours, Abraxas Capital has made a bold move—withdrawing 138,511 #ETH worth approximately $297 million from centralized exchanges. This aggressive accumulation signals high conviction as Ethereum trades around multi-month highs.

Such a large-scale withdrawal often hints at long-term holding or DeFi deployment, reducing circulating supply on CEXs and adding bullish pressure on ETH.

🔍 Wallet address: 0xb99a2c4C1C4F1fc27150681B740396F6CE1cBcF5