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TechFlow reports that on June 3, blockchain analyst Ember (@EmberCN) observed that crypto asset management firm Abraxas Capital transferred approximately 1,000 BTC (worth roughly $67.49 million) to the Kraken exchange about seven hours ago. Subsequently, Abraxas withdrew approximately $52.72 million in stablecoins (USDC + USDT) from Kraken, suggesting the sale has been completed.
According to on-chain analyst Yujin (@EmberCN), crypto asset management firm Abraxas Capital transferred 1,000 BTC (approximately $67.49 million) to the Kraken exchange approximately 7 hours ago. It subsequently withdrew roughly $52.72 million worth of stablecoins (USDC + USDT) from Kraken, suggesting the sale has been completed.
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