Main meals
- Abraxas Capital Management 278,639 ETH has accumulated $ 655 million since May 7.
- The company realized an unrealistic profit of $ 77 million from its investments in Ethereum.
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A encrypted portfolio believed to belong to the UK investment company Abraxas Capital Management 278,639 ETAREUM, at a value Data Followed by Lookonchain.
London’s asset manager accumulated on the encryption assets at an average price of $ 2,350. With the trading of the ether above $ 2600 at the time of the press, holdings reflect an unrealized profit of $ 77 million.
Abraxas Capital continues to accumulate $ ETH!
Since May 7, Abraxas Capital was withdrawn 278,639 $ ETH($ 655 million) of stock exchanges at an average price of $ 2,350, with an unintended profit of $ 77 million.https://t.co/vztxlpd2zqhttps://t.co/f5n4mkrgmq pic.twitter.com/hmpdqdrx6Q
– Lookonchain (@swearonchain) May 16, 2025
The ether doubles nearly after the Pectra upgrade, after a period of weak performance for Bitcoin. Earlier this week, ALTCOIN is 2700 dollars, its highest level since late February.
The last ETHEREUM gathering increases, according to analysts in Bernstein, by adopting the increasing of stablecoins, symbolic assets, the activity of the booming layer 2, and relaxation in short situations.
In addition, the Pectra upgrade was a positive incentive for the future growth of Ethereum. It offers a wide range of improvements designed to make ETHEREUM faster, more efficient and easier to use, safer, and enhance both user and developers.
Ethereum Coca-Cola has strengthened in the market value, supported by recent gain Data He appears.
Asset Crypto Alibaba briefly exceeded in some points this week, but the Chinese technology giant ultimately regained its progress in the end.
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