TechFlow reports that on December 5, according to The Data Nerd's monitoring, an address suspected to belong to Abraxas Capital Management transferred a total of 11,753 ETH (approximately $45.79 million) to Binance and Bitfinex within the past 13 hours, including 5,433 ETH (around $21.27 million) transferred in the most recent 30 minutes. The address's average holding cost for ETH is $2,968, and this transaction is estimated to have realized a profit of approximately $10.9 million.
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