Cryptocurrency analytics platform Arkham makes a surprising claim. AbraxasCapitalManagement may be shortening the hype tokens that have recently attracted attention.
Based on data on the chain, Arkham discovered that the account that made the $17 million hype sale had transferred the funds to the Binance Wallet where Abraxus Capital had previously deposited the funds.
Arkham also shared details of Abraxas Capital’s known funding. The company’s key holdings across various protocols include:
- 44,057K WSTETH ($133.28 million)
- 37k Awsteth ($111.87 million)
- 32,882K awth ($82.47 million)
- 677.51 LBTC ($70.65 million)
- 19,184K Wheate ($51.5 million)
- 2,557K Steth ($6.62 million)
- 5M AUSDC ($5 million)
- 482,216 Ezeth ($1.27 million)
The company has cryptocurrency worth a total of $462 million. Of course, these belong to the company’s famous cryptocurrency wallets. This amount has made the Abraxas capital one of the largest whales in the cryptocurrency market.
*This is not investment advice.
