So, Ethereum is like that friend who suddenly gets a glow-up and everyone’s like, “Wait, where did you come from?” In the last few days, ETH has been the hottest topic since avocado toast, and guess who’s leading the charge? Abraxas Capital, the digital asset management firm that’s basically the Beyoncé of ETH buyers this month! 🎤💁♀️
In a jaw-dropping move, Abraxas Capital has splurged over $837 million on ETH in just 14 days. That’s right, they started their shopping spree on May 7, and by May 20, they had snagged 46,295 ETH—worth about $115.3 million. I mean, who needs a yacht when you can have a boatload of crypto? 🚤💰
According to the all-knowing Arkham Intel, Abraxas is now sitting on a crypto throne worth over $959 million, with most of it in ETH. And guess what? They’re not just hoarding it; they’re putting it to work as collateral on various DeFi protocols. Talk about being a responsible adult! 🙌📈
Most of their ETH stash is chilling with Aave, where they hold 145.21K AWEH—an ETH derivative that’s basically a VIP pass to Aave’s ETH market. It’s like having a backstage pass to the coolest concert in town! 🎟️🎶
Onchain data reveals that AWETH is the top dog in crypto assets, followed closely by WSTETH, AWSTETH, WEETH, and a bunch of other ETH derivatives. It’s like a crypto family reunion, and everyone’s invited! 🎉👨👩👧👦
Ethereum Frenzy: The Comeback Kid of Crypto Markets!
Since May 6, ETH has skyrocketed by 41%—the exact moment Abraxas decided to go on a shopping spree. It jumped from $1,770 to a staggering $2,690, and now it’s trading around $2,511. It’s like watching a reality show where the underdog suddenly becomes the star! 📺🌟
In the past months, while other crypto assets were partying like it’s 1999, Ethereum was the wallflower at the dance. But now, it’s strutting its stuff, having surged nearly 60% in the last 30 days. Who knew the little engine that could would turn into a roaring train? 🚂💨
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2025-05-20 15:07