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by: xpoolPosted on: May 13, 2025

Abraxas Capital Invests $477M in Ethereum, Triggering Major Market Shift

Abraxas Capital, a London-based investment firm, has made a significant move in the cryptocurrency market, acquiring an estimated $477 million worth of Ethereum over a six-day period. This substantial investment is driving notable shifts in the Ethereum market, including a 44% price rally that has pushed ETH’s value to record highs.

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