Data: Abraxas Capital transferred over $223 million in cryptocurrency assets to the exchange in the past 7 hours

According to monitoring by Onchain Lens, investment firm Abraxas Capital transferred approximately $223.53 million worth of crypto assets to multiple cryptocurrency exchanges in the past 7 hours, including:

• 2,211 BTC transferred to Kraken, worth about $143.88 million;
• 30,825 ETH transferred to Binance, worth about $5.92 million;
• 11.5 million USDC and 690,000 USDT transferred to Binance, worth about $12.19 million;
• 5.89 million USDT transferred to Bitstamp;
• 2.365 million USDC transferred to Kraken.

During the same period, Abraxas Capital also withdrew approximately $26.42 million in assets from exchanges, including 5,137 ETH (about $9.81 million) and $16.61 million in stablecoins withdrawn from Binance.