On January 13, a significant transaction occurred from an address associated with Abraxas Capital, according to tracking results by on-chain data analyst @ai_9684xtpa. On the other hand, the current developments of the crypto asset management company Grayscale are also noteworthy. On January 12, reports said, Grayscale began extracting Bitcoins from its trust and sending them to Coinbase. Also noteworthy is another transfer made by a whale on January 12, according to @ai_9684xtpa’s tracking. Just a few hours ago a whale transferred 17,000 METIS to Coinbase. The estimated profit amount is calculated as 1.425 million dollars. Here are the details…
Bitcoin move from Abraxas Capital
In the latest development on January 13, monitoring conducted by on chain data analyst @ai_9684xtpa reveals that an address affiliated with Abraxas Capital made a significant transaction. Approximately 390 Wrapped Bitcoin (WBTC) worth $17.08 million were transferred to Binance just nine hours ago. The potential loss from the sale of these assets is estimated to be around $756,000. Interestingly, these funds were first moved from Binance on January 2, 2024, incurring a cost of $45,734.
The sudden movement of 390 WBTC from an address associated with Abraxas Capital to Binance attracted attention in the cryptocurrency community. The transfer, documented by on-chain data analyst @ai_9684xtpa, indicates a significant value of $17.08 million. The potential loss of $756,000 if the transferred WBTC is liquidated adds a layer to this transaction. It is very important to note that these funds previously left Binance on January 2 this year, incurring a cost of $45,734, making the latest move even more remarkable.
Grayscale started transferring to Coinbase
Shifting its focus to another important development, the famous crypto asset management company Grayscale began transferring Bitcoins from its trust to Coinbase on January 12. According to reports, the process started at 14:00 GMT and involved a significant amount of 4,000 BTC, equivalent to approximately $200 million. Coinbase Prime, which serves as both broker and counterparty to numerous ETF issuers, including Grayscale, was the recipient of these BTC transfers. This move is indicative of an exodus from Grayscale’s confidence, as the last similar event occurred about two weeks ago and was marked by multiple transactions in the Grayscale Bitcoin wallet.
17 thousand METIS moved to Coinbase
Adding to the dynamic environment of cryptocurrency transactions, on January 12, an influential whale transferred 17,000 METIS tokens worth approximately $1.86 million to Coinbase. The transactions took place a few hours ago. The estimated $1,425 million profit from this whale’s transaction highlights the potential gains and strategic moves in the cryptocurrency space. Such notable transfers add to the ever-evolving narrative of large-scale transactions in the cryptoasset space.
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