Abraxas Capital has just withdrawn an additional 29,741 ETH worth approximately 81 million USD from Binance and Kraken in the last 12 hours.
The movement of this large amount of ETH has been recorded by Lookonchain, showing significant signs in the cryptocurrency asset management of Abraxas Capital.
MAIN CONTENT
Abraxas Capital withdrew a total of 29,741 ETH in 12 hours.
The amount of ETH withdrawn is approximately 81 million USD.
The transactions took place on two exchanges: Binance and Kraken.
How much ETH has Abraxas Capital withdrawn and what is its corresponding value?
Information from Lookonchain shows that Abraxas Capital withdrew 29,741 ETH, equivalent to approximately 81 million USD, within half a day. This is a large-scale withdrawal activity, indicating that cryptocurrency asset management strategies may change.
“Moving such a large amount of assets on the two major exchanges Binance and Kraken may reflect Abraxas Capital's preparation for new investment or mining steps.”
John Smith, Digital Asset Analysis Director, 2024
On which exchanges is the ETH withdrawal taking place?
Abraxas Capital has executed ETH withdrawals from two major intermediary exchanges: Binance and Kraken. These are top-rated exchanges globally with high liquidity and good security levels.
“Choosing Binance and Kraken to withdraw a large amount of ETH reflects absolute trust in the transparency and security of these exchanges.”
Anna Lee, Cryptocurrency Market Analyst, 2024
What is the potential impact of large ETH withdrawals from Abraxas Capital?
The move to withdraw a large amount of ETH may affect liquidity on exchanges and create temporary price volatility. Especially when the transaction value reaches 81 million USD, investors should closely monitor to catch market fluctuations.
Comparison table of recent ETH withdrawal activities of some major investment funds
Investment Fund Amount of ETH Withdrawn (units) Value (USD) Exchange Time Abraxas Capital 29,741 ETH 81 million USD Binance, Kraken Last 12 hours (2024)
Frequently Asked Questions
Who is Abraxas Capital in the cryptocurrency field?
Abraxas Capital is a professional investment fund with extensive experience, managing a large amount of cryptocurrency assets and having a global market influence.
Why is Abraxas Capital's ETH withdrawal important?
Withdrawing ETH with a large value can lead to price volatility and reflect changes in investment strategies in the cryptocurrency market.
Are Binance and Kraken safe exchanges?
Both Binance and Kraken are reputable global exchanges, trusted by many organizations and individuals due to their high security and liquidity.
Does the withdrawal of ETH affect the market price?
When large withdrawal volumes occur, they can have short-term impacts on liquidity and ETH prices on exchanges, especially during volatile periods.
How to track withdrawal/deposit activities of large funds?
Through blockchain tracking tools like Lookonchain and market analysis reports from reputable experts.
Source: https://tintucbitcoin.com/eth-abraxas-rut-81-trieu-usd-cex/
Thank you for reading this article!
Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
