Abraxas Capital Holds $1.45 Billion Short Position on Hyperliquid
JOON HYOUNG LEE
Summary
- Global asset manager Abraxas Capital holds a $1.45 billion short position on DEX Hyperliquid.
- According to on-chain data service Lookonchain, two related accounts were maintaining $1.45 billion in short positions.
- The related accounts' cumulative profit was estimated at about $331 million.
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Global asset manager Abraxas Capital holds a $1.45 billion short position on decentralized exchange Hyperliquid, according to on-chain data.
Lookonchain said on Oct. 15 that two Hyperliquid accounts linked to Abraxas Capital were holding short positions worth $1.45 billion as of that day.
Lookonchain identified addresses "0x5b5...C060" and "0xb83...6e36" as accounts tied to Abraxas Capital. Their cumulative profit totaled about $331 million as of Oct. 15.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul