Abraxas Capital Achieves $193 Million in Cumulative Profit on Hyperliquid Perpetual Contracts

Abraxas Capital's wallet has achieved a cumulative profit of $193 million on perpetual contracts on Hyperliquid, setting a new record. This profit is not purely from directional trading gains, as its positions have been hedged with spot assets. Currently, the Abraxas Capital wallet holds approximately $207.445 million in USDC, with a cumulative trading volume of $5.43 billion and an open position size of about $725 million. Additionally, the wallet holds significant positions in BTC, ETH, and SOL on the Hyperliquid platform.

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