Abraxas Capital An associated address increased its short position by approximately 1320000 units XRP short position
BIBIBI
AT A GLANCE
The post states that Abraxas Capital the main address increased its XRP short position, with holdings of approximately 25316700 USD, and is currently incurring a loss of approximately 1242000 USD。
Article
🐳 【Abraxas Capital Main address】XRP Short position averaged down!
💰XRP Increased short position 1,319,622.00 tokens, equivalent to approximately 2,030,939.46 USD▫️ Position size: 25,316,721.09 USD▫️ Average entry price: 1.47 USD → 1.48 USD▫️ Current P&L: -1,241,989.75 USD (-24.53%)
▫️ Current token price: 1.55 USD▫️ Liquidation price: 9.02 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and was previously the whale with the largest contract position size on Hyperliquid.November; since then, the address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
The post states that XRP the short position was increased by 1,319,622.00 tokens, equivalent to approximately 2,030,939.46 USD。
02
The position size listed in the post is 25,316,721.09 USD。
03
The post states that the average entry price changed from 1.47 USD to 1.48 USD。
04
The post listed current profit/loss as -1,241,989.75 USD (-24.53%).
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The current token price listed in the post is 1.55 USD, and the liquidation price is 9.02 USD。
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The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
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The annotation states that this large short position was initiated on May, when the position began to be built;November onward, this address continuously took profits, with the position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Short position” indicates the position direction described in the post; “averaging down” here refers to continuing to increase the position, causing the average price to change from 1.47 USD to 1.48 USD. According to the post data, the position is currently at a loss.
Why it matters to readers
The post shows a short position exceeding 25000000 USD in size,XRP along with its losses, average entry price, and liquidation price, which can be used to observe changes in the position held by the address.
Beginners should distinguish among position size, average entry price, current profit or loss, and liquidation price; these figures respectively describe the position’s size, the entry-price level, the unrealized result, and the liquidation price indicated in the post.
Risks and unknowns
It cannot be confirmed solely from the post that this address indeed belongs to Abraxas Capital。
The accuracy or continued validity of the position, profit and loss, coin price, and liquidation price data cannot be independently verified.
“May”and“November”No specific year is stated.
The post does not provide supporting material to verify the claim that this was “previously the whale with the largest contract position size on Hyperliquid.”
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Related concepts
Short Position
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