Abraxas Capital The main address increased its 1664700 tokens XRP short position, bringing the position size to approximately 29660000 USD
BIBIBI
AT A GLANCE
The source states that the wallet labeled Abraxas Capital's main address increased its position by approximately 1664700 tokens XRP short, and is currently showing an unrealized loss.
Article
🐳 【Abraxas Capital Main address】XRP short position averaged in!
💰XRP Short position increased by 1,664,683.00 tokens, equivalent to approximately 2,236,594.62 USD▫️ Position size: 29,656,977.29 USD▫️ Average entry price: 1.49 USD → 1.49 USD▫️ Current P&L: -346,123.74 USD (-5.84%)
▫️ Current token price: 1.51 USD▫️ Liquidation price: 9.12 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began opening on May; it was previously the whale with the largest contract position size on Hyperliquid.November; from then on, the address continuously took profits, and its position size had previously reached 920000000 USD。 🔥
Key points
01
The original text states that the XRP short position increased by 1,664,683.00 tokens, equivalent to approximately 2,236,594.62 USD。
02
The position size listed in the original text is 29,656,977.29 USD。
03
The average entry price listed in the original text is 1.49 USD, both before and after the change. 1.49 USD。
04
The post listed current profit/loss as -346,123.74 USD (-5.84%).
05
The current token price listed in the original text is 1.51 USD, and the liquidation price is 9.12 USD。
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The address provided in the original text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
07
The original text states that this large short position began opening on May, and that the address has continuously taken profits since November, with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position may profit when the price falls. Here, “averaging in” refers to continuing to increase the short position, but the original text shows that its average entry price remains 1.49 USD. Based on the original data, the current token price of 1.51 USD is higher than the short position's average entry price; therefore, the position shows an unrealized loss.
Why it matters to readers
This is a 29657000 USD short position that the original text states is approximately XRP in size. Its subsequent position increases, reductions, or closure may warrant attention. However, the position of a single address alone cannot establish XRP overall market direction.
Beginners may view this information as a position-monitoring record for a large address and should not make trading decisions solely based on this address; they should also monitor whether the position changes and whether the data can be independently verified.
Risks and unknowns
The provided material does not include independent on-chain records; the position quantity, P&L, price, and liquidation price remain unverified.
Whether the address does in fact belong to Abraxas Capital cannot be confirmed, as only the original text's label is available.
“May” and “November” do not specify a year.
The original text does not specify the data retrieval time, calculation methodology, or whether the position remains active.
The original text's claim that it was “the whale with the largest contract position size on Hyperliquid” provides no basis for comparison.
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Short Position
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