There are whales, and then thereâs Abraxas Capitalâa behemoth whose trunk, or perhaps cybernetic appendage, swished through the digital deep, scooping up Ethereum like rare butterflies and impaling them with jewel-headed pins. All this whilst the world, goggles pressed to the glass, gawked at crypto’s latest fever-dream rally.
On the thirteenthâah, May’s very own idesâLookonchain, ever the spectral voyeur, spied a fresh binge: 33,482 ETH, neatly parcelled and hastily gobbled, worth a sprightly $84.7 million. Such gluttony, dear reader, would make even Midas blush (or send his accountant into a fit of the vapors).
Abraxas, like a jackdaw on payday, made its forays in several tidy sprints, the most brazen netting twelve-point-one-eight million dollars’ worth in a single deft flick. If only my morning coffee order were executed with such vigor. đ”
Meanwhile, Ethereum, long consigned to play Eeyore to Bitcoinâs Tigger, twirled past its older sibling in the weekly waltz of gains. The whole performance was less ‘leisurely moonwalk’ and more ‘swan dive into a pool of speculative money.’
What provoked this paroxysm of price? Some point to Abraxas’ marathon feast; others to the wretched optimism of humans in green zones. Retail and institutional investors banded together, fueled by FOMO and just a soupçon of audacity.
Ethereum up by 48.73% (Insert Obligatory Wide-Eyed Emoji)
Abraxas, now hoarding some 211,030 ETH ($477.6 million, not that anyone is counting), stands accusedâin the most affectionate senseâof having puffed Ethereumâs rally with all the hot air that only institutional money can provide. Come the day when the Oxford English Dictionary adds âmega-whaleâ to its lexicon, they shall be the definition.
The crypto cognoscenti flutter and squawk over this spectacle, no doubt dreaming of bullish market romps and the warm glow of rising portfolios. Abraxas sits atop its mountainous horde, serenely unbothered by plebeian concerns such as âvolatility,â âfundamentals,â or âshould I have sold at $2,657?â
So, as Ethereum sashays its way upwardsâoccasionally moonwalking, sometimes stumblingâits true believers remain steadfast. Why sell? After all, as every Nabokovian child knows: the real thrill is neither in the catch, nor in the chaseâbut in the marvelously unhinged telling of it. đŠ
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2025-05-14 00:37