According to @AltcoinGordon, institutional investor Abraxas Capital has purchased over $400 million worth of Ethereum (ETH) in the past three days. This significant accumulation by a major capital fund highlights increasing institutional confidence in ETH, potentially signaling strong bullish sentiment for traders. Large-scale acquisitions like this often precede price volatility and can impact both short-term and long-term Ethereum price action, with possible spillover effects on related DeFi and altcoin markets. Source: @AltcoinGordon on Twitter, May 11, 2025.