#ETH Abraxas Capital Mgmt transferred a total of 7,500 ETH to Binance 8 hours ago, suspected sale.

8 hours ago, the institution transferred 7,500 ETH to the Binance exchange, valued at approximately $18.85 million at the time of transfer, with an average price of $2,513 per coin.

In the past 17 days, this institution has withdrawn a total of 337,601 ETH from various exchanges, with a total investment of about $812 million and an average purchase price of $2,405 per coin.

Currently, based on multiple associated wallet addresses, the total amount of ETH held by Abraxas Capital Mgmt has reached 558,939 coins, with an estimated total market value of approximately $1.396 billion at current prices.