Abraxas Capital is rising as one of the largest whales in the Ethereum (ETH) market, with a total ETH holding value of $561 million over the past week. The organization’s movements reflect confidence in ETH’s potential and raise questions about its impact on the cryptocurrency market in the near future. Abraxas Capital Aggressively Accumulates ETH Over the past week, Abraxas Capital has become a focal point by continuously accumulating ETH on a large scale. According to Lookonchain, on May 14, 2025, the organization purchased 242,652 ETH within 7 days
source: https://beincrypto.com/ethereum-whale-abraxas-capital-eth-561-million/