Abraxas Capital transferred over $223 million in crypto assets to exchanges in the past 7 hours

According to Onchain Lens monitoring, investment firm Abraxas Capital has transferred approximately $223.53 million in assets to multiple cryptocurrency exchanges over the past 7 hours. These include:

2,211 BTC transferred to Kraken, valued at approximately $143.88 million;

30,825 ETH transferred to Binance, valued at approximately $59.2 million;

11.5 million USDC and 690,000 USDT transferred to Binance, valued at approximately $12.19 million;

5.89 million USDT transferred to Bitstamp;

2.365 million USDC transferred to Kraken.

During the same period, Abraxas Capital also withdrew approximately $26.42 million in assets from exchanges, including 5,137 ETH (approximately $9.81 million) and $16.61 million in stablecoins from Binance.