Heka Fund Moves 2,038 BTC to Kraken and 15M USDC to Morpho

Arkham Monitoring reports a Heka Fund address affiliated with Abraxas Capital deposited 2,038 BTC into Kraken, worth about $168.21 million, then sent 15 million USDC to a Morpho address.

Rich by Coin

2026-01-31

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Arkham Monitoring reports that a Heka Fund address affiliated with Abraxas Capital deposited 2,038 BTC into the Kraken exchange two hours ago, valued at roughly $168.21 million. The same address subsequently sent 15 million USDC to a Morpho address. The transfers were tracked by Arkham Monitoring, tying the movements to the Heka Fund within the Abraxas Capital ecosystem.

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The sequence shows a large BTC inflow to Kraken followed by a sizable USDC deployment to Morpho, reflecting evolving use cases for institutional traders within crypto liquidity ecosystems. This pattern highlights cross-platform activity across traditional exchanges and DeFi protocols.

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These moves underscore continued institutional participation and the dynamic flow of funds between centralized exchanges and DeFi protocols. They signal ongoing interest in large-scale crypto asset management and cross-platform strategies.