Abraxas Capital Shifts $44 Million in ETH, Stakes 10k on Aave

IconCryptoNewsTerminal Staff22 Aug, 2024

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Abraxas Capital Shifts $44 Million in ETH, Stakes 10k on Aave

Abraxas Capital, a UK-based asset manager, has transferred 17,000 ETH (approximately $44.32 million) from Bitfinex. The substantial movement was picked up by on-chain analyst The Data Nerd. Post-transfer, the address staked 10,000 ETH on Aave, a leading crypto lending platform. This strategic move highlights the firm's continued involvement in the cryptocurrency market.