Abraxas Capital's Significant Financial Moves in Cryptocurrency Market

According to TechFlow, Abraxas Capital has made notable transactions in the cryptocurrency market. On May 13, data from the on-chain analysis platform Lookonchain revealed that Abraxas Capital borrowed $240 million USDT from the decentralized lending platform Aave. These funds were subsequently deposited into a centralized exchange (CEX). Earlier reports indicated that Abraxas Capital withdrew 185,309 ETH from an exchange, amounting to approximately $399 million. These financial maneuvers highlight Abraxas Capital's active involvement in the cryptocurrency sector.