On-chain tracker Lookonchain said Abraxas Capital made another large Ethereum withdrawal in the past three hours, pulling 12,477 ETH worth about $22.88 million from exchanges. Over the past week, the firm has withdrawn a total of 45,996 ETH valued at roughly $84.39 million. The reported outflows came from Binance, Bybit, and Bitfinex. The update points to continued accumulation or transfer activity by the institution across multiple trading venues, based on the wallet movements flagged by Lookonchain. No additional details on the destination wallets or the purpose of the transfers were disclosed in the source update.
According to Lookonchain, Abraxas Capital withdrew another 12,477 ETH from exchanges in the past three hours, worth about $22.88 million.
Over the past week, the firm has withdrawn a total of 45,996 ETH from Binance, Bybit, and Bitfinex, with the combined value estimated at about $84.39 million.
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