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Abraxas Capital Hits New Record With $193 Million in Cumulative Perpetual Contract Profits on Hyperliquid

Source: x.com
According to HyperliquidNews, the Abraxas Capital wallet hit an all-time high in perpetual contract PnL on Hyperliquid, with cumulative profits reaching $193 million. However, these profits do not stem purely from directional trading, as its positions have been hedged using spot assets. The Abraxas Capital wallet currently holds approximately $207.445 million in USDC, has generated a cumulative trading volume of $5.43 billion, and maintains open position sizes of roughly $725 million. Additionally, the relevant wallet holds significant positions in BTC, ETH, and SOL on the Hyperliquid platform.

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