According to Onchain Lens, Abraxas Capital holds a $393 million short position on Hyperliquid with unrealized gains of $63.49 million. The firm has accumulated $274 million in cumulative profits, including $115 million earned over the last 30 days.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.