Abraxas Capital The main address reduced 17316900 units PUMP of its short position and cut losses of approximately 2030000 USD
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Abraxas Capital The main address reduced 17316900 units PUMP of its short position, equivalent to approximately 2031300 USD。
Article
🐳 【Abraxas Capital Main address】PUMP Short position cut-loss!
💰PUMP Short position reduction of 17,316,910.00 units, equivalent to approximately 2,031,312.16 USD▫️ Position size: 17,217,248.08 USD▫️ Average price: 0.0{2}460 USD → 0.0{2}460 USD▫️ Current P&L: -1,977,795.35 USD (-57.44%)
▫️ Current coin price: 0.0{2}520 USD▫️ Liquidation price: 0.05 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May, and was previously the whale with the largest contract capital size Hyperliquid.November Since 920000000 USD。 🔥
Key points
01
According to the information,Abraxas Capital the main address reduced PUMP its short position by 17,316,910.00 units, equivalent to approximately 2,031,312.16 USD。
02
The position size listed in the information is 17,217,248.08 USD。
03
The current P&L listed in the information is a loss of 1,977,795.35 USD, with a loss ratio of 57.44%。
04
The current coin price listed in the information is 0.0{2}520 USD, and the liquidation price is 0.05 USD。
05
The address listed in the information is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The information states that the large short position was opened starting May, and claims that the address was previously Hyperliquid the whale with the largest contract capital size.
07
The information states that the address November began taking profits continuously, and that its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is information about an on-chain address adjusting its PUMP short contract position. A short position represents a bet on a price decline; reducing the position means that the short position has decreased.
Why it matters to readers
If the information is accurate, the PUMP short exposure of a single large address is declining, but this information alone cannot determine PUMP overall price or changes in market supply and demand.
Beginners can understand it as follows: a large address holding a PUMP short position reduced its position, but this does not mean that the price will necessarily rise.
Risks and unknowns
The information comes from Telegram content and does not provide on-chain transaction records that can be independently verified.
The specific transaction time, execution price, or subsequent position corresponding to the reduction cannot be confirmed from the original text alone.
The “May”“November” in the original text does not specify a particular year.
The original text also lists the average price as 0.0{2}460 USD→0.0{2}460 USD, but the specific meaning of the format is unclear.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
