🐋 ON-CHAIN TRACKER: Abraxas Capital moves $29,400,000 and pulls Ethereum
Institutional player Abraxas Capital carried out a major reshuffling of its crypto assets across DeFi protocols and exchanges.
📊 The fund’s maneuvers:
DeFi deposit:
The company transferred $29.4M worth of assets to the AAVE lending platform.
ETH withdrawal:
13,500 ETH was removed from the protocol.
Exchange inflow:
At the same time, the fund also withdrew another 1,790 ETH from the Binance trading venue.
The fund redirects large volumes of Ethereum into action via lending and self-custody, which locally reduces sell-side pressure in the market.
Watch the chart of the main altcoin: $ETH
👇 Is the fund preparing positions for large-scale lending or building up strength before a market surge?
Comment below!
👉 Subscribe to the channel! We track the maneuvers of big funds online.
#AbraxasCapital #Ethereum #ETH #DeFi #AAVE #WhaleAlert
Institutional player Abraxas Capital carried out a major reshuffling of its crypto assets across DeFi protocols and exchanges.
📊 The fund’s maneuvers:
DeFi deposit:
The company transferred $29.4M worth of assets to the AAVE lending platform.
ETH withdrawal:
13,500 ETH was removed from the protocol.
Exchange inflow:
At the same time, the fund also withdrew another 1,790 ETH from the Binance trading venue.
The fund redirects large volumes of Ethereum into action via lending and self-custody, which locally reduces sell-side pressure in the market.
Watch the chart of the main altcoin: $ETH
👇 Is the fund preparing positions for large-scale lending or building up strength before a market surge?
Comment below!
👉 Subscribe to the channel! We track the maneuvers of big funds online.
#AbraxasCapital #Ethereum #ETH #DeFi #AAVE #WhaleAlert
