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by: xpoolPosted on: May 10, 2025

Ethereum Price Soars 20%, Abraxas Capital Withdraws Massive ETH Holdings

Ethereum has experienced a dramatic price surge, climbing over 20% in a single day, breaking past $2,300. This explosive rally is fueled by institutional investment activity as Abraxas Capital withdrew an impressive 138,511 ETH worth around $297 million from major exchanges. Analysts suggest the withdrawals reflect strong long-term confidence in Ethereum’s future.

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