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COINOTAG News, May 8th – Recent data from Lookonchain indicates that the Abraxas Capital wallet has been actively increasing its holdings. Over the last 11 hours, the entity has withdrawn a notable total of 41,269 ETH, translating to approximately $75.46 million, from major exchanges such as Binance and Kraken. This significant accumulation of Ethereum is indicative of a strategic investment approach, potentially strengthening Abraxas Capital’s portfolio amid a fluctuating market landscape. Investors and analysts alike are closely monitoring such moves as they can signal broader trends and market sentiment. The implications of this accumulation may influence ETH liquidity and trading patterns moving forward, underlining the importance of watching institutional activity in the cryptocurrency sphere.
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