HyperInsight states that the address labeled Abraxas Capital main address increased its XPL short position.
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HyperInsight states that the wallet labeled Abraxas Capital main address increased its XPL short position.
Article
🐳 【Abraxas Capital Main address】XPL Short position averaged down!
💰XPL Increased short position by 11,552,618.00 tokens, equivalent to approximately 868,942.34 USD▫️ Position size: 7,698,150.54 USD▫️ Average entry price: 0.10 USD → 0.11 USD▫️ Current P&L: -378,132.87 USD (-14.74%)
▫️ Current token price: 0.11 USD▫️ Liquidation price: 2.17 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began establishing positions on May, and was previously the Hyperliquid whale with the largest contract notional size.November. Since then, the address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
XPL Increased short position by 11,552,618.00 tokens, equivalent to approximately 868,942.34 USD。
02
The position size is 7,698,150.54 USD。
03
The average entry price changed from 0.10 USD to 0.11 USD。
04
Current profit/loss was -378,132.87 USD (-14.74%).
05
The current token price is 0.11 USD, and the liquidation price is 2.17 USD。
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The address is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The original post states that Abraxas Capital the large short position began establishing positions on May, and was previously the Hyperliquid whale with the largest contract notional size.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This information states that a wallet labeled Abraxas Capital main address increased its XPL short position, and lists data including position size, average entry price, P&L, and liquidation price. A short position is a bet that the price will decline; however, the original post came from a Telegram channel, and the data and address ownership have not been independently verified.
Why it matters to readers
If the data is accurate, this address's XPL short position has increased. This may reflect a position change by a single large account, but it cannot confirm the overall market direction.
Beginners may understand this as an unverified update on an on-chain large holder's position and should not make trading decisions based solely on information from a single address.
Risks and unknowns
Whether the address actually belongs to Abraxas Capital has not been independently verified.
XPL The position, trading, P&L, and liquidation data have not been independently verified.
The original post alone cannot confirm the actual impact of this position on the overall XPL market.
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Related concepts
Short Position
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