Abraxas Capital's Hyperliquid Strategy Has Generated Over $512M in Profit.
These two accounts have been making some serious money.
Abraxas Capital's two hedging wallets on Hyperliquid have now crossed a combined profit of $512 million. That's an enormous return from their market positioning. Interestingly, their combined short exposure has also come down significantly, now sitting at around $572 million.
Looks like these accounts have been actively adjusting their positions while locking in some serious gains. With hundreds of millions still tied up in shorts, their next moves could be worth watching closely.
Two wallets, $512M+ in profits, and still a massive short exposure. Not your average trading activity!
Wallets:
0x5b5d51203a0f9079f8aeb098a6523a13F298C060
0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36
These two accounts have been making some serious money.
Abraxas Capital's two hedging wallets on Hyperliquid have now crossed a combined profit of $512 million. That's an enormous return from their market positioning. Interestingly, their combined short exposure has also come down significantly, now sitting at around $572 million.
Looks like these accounts have been actively adjusting their positions while locking in some serious gains. With hundreds of millions still tied up in shorts, their next moves could be worth watching closely.
Two wallets, $512M+ in profits, and still a massive short exposure. Not your average trading activity!
Wallets:
0x5b5d51203a0f9079f8aeb098a6523a13F298C060
0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36
