Abraxas Capital has turned into one of the large -scale regular buyers of Ethereum (ETH). The investment company can also use DEFI loans, releasing value to acquire more ETH.
Abraxas Capital continued its operations to buy Ethereum (ETH), this time using decentralized loans to guarantee liquidity. The purchasing series was part of the growing demand for ETH, because the assets recovered above $ 2,500.
ETH fell to $ 2,454.45, which led Abraxas Capital to buy the drop again. The fund borrowed $ 240 million in Aave and deposited the Binance Stablecoins.
Abraxas Capital borrowed 240m $ USDT Since #Aave and deposited it in #Binance In the past 24 hours.
Will they buy more $ ETh? pic.twitter.com/nzze295iyv
– Lookonchain (@lookonchain) May 13, 2025
In recent weeks, Abraxas has been among the best buyers in ETH, from the first stages of the rally. The fund has chosen accumulation in its own portfolios, removing the ETH from exchanges. After the withdrawal, the new ETH can again be used in decentralized protocols to tokens wrapped in mint, or as an asset of stimulum.
Most ETH held in known abraxas capital wallets are in various wrapped forms, which suggests a very active use of challenge. Abraxas has accumulated almost $ 400 million In the last three days only, signaling confidence in the assets.
Abraxas Deposite ETH to compose
In addition to the combination of Aave and Binance, Abraxas Capital also used Bitfinex to acquire more ETH on the free market.
Abraxas tested a smaller transaction, sending 2.94k ETH to the compound bulker portfolio. After that, the fund sent an additional $ 5 million to USDC in Bitfinex.
The largest participation of the fund is AccelerateThe Aave version of Eth wrapped. The portfolio contains more than 107K Aweth. Wsteth de Lido is the second largest detention of 71.41K tokens. The wrapped versions suggest that Abraxas is deeply involved in the Ethereum ecosystem, and it is unlikely to sell quickly.
Whales become optimistic on ETH
The big question for ETH is whether it would make its permission promised to a higher price range, or even a price record in 2025. After the recent slowdown in the market of less than $ 2,500, intelligent money remained optimistic, while the retail trade has once again passed to lowering attitudes.
$ ETh Feeling
Crowd = lower 🟥
Mp = Haussier 🟩Discover feeling and other crypto statistics at pic.twitter.com/f6ymfxfe9e
– Market Prophit (@marketprophit) May 13, 2025
The recent purchases of Abraxas were only the tip of the iceberg for ETH, because the chain saw record entries in accumulation Portfolios last weekend.
Whale purchase signs also appeared in March and April, because whales were looking to reduce their average entry price for ETH. At the same time, a holder was either Retrieveor abandon the ETH after having broken.
Ethereum has increased its activity on the chain in the past few days, but has returned to a relatively low reference base for gas prices. Pectra upgrade has not yet been in full effect, but for the moment, gas for regular transactions is back at $ 0.08, while exchanges prices are down 90% compared to cutting -edge times to $ 1.34.
Ethereum transports $ 61.13 billion of total locked value, returning to the levels of February. Lido and Aave have the strongest monthly gains, respectively increasing their total locked value by 49% and 40%. Ethereum can expect more ignition after the pectra upgrade, because the whales will be allowed to lock 2,048 ETH in a single deposit.
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