Abraxas Capital Continues $ETH Accumulation with Significant Withdrawals
Abraxas Capital is ramping up its Ethereum (ETH) accumulation, having withdrawn a total of 278,639 ETH from exchanges since May 7. Recent data from Lookonchain reveals that in just the past 21 minutes, the firm withdrew 2,300 ETH, valued at approximately $6.04 million, from Binance.
This substantial withdrawal brings the total value of ETH taken from exchanges to around $655 million, with unrealized profits estimated at $77 million. Abraxas Capital's aggressive strategy highlights its commitment to building a significant position in the Ethere
