Abraxas Capital The main address reportedly took profit on its XRP short position
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Reportedly, the Abraxas Capital main address reduced its 1331100 tokens XRP short position, leaving a remaining position of approximately 21180000 USD。
Article
🐳 【Abraxas Capital Main address]XRP short position took profit!
💰XRP Reduced short position by 1,331,106.00 tokens, equivalent to approximately 2,096,750.37 USD▫️ Position size: 21,180,623.67 USD▫️ Average entry price: 1.49 USD▫️ Current P&L: +3,396,352.00 USD (+80.18%)
▫️ Current token price: 1.28 USD▫️ Liquidation price: 12.73 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began establishing positions on May, and it was previously the whale with the largest contract capital size.Hyperliquid whale with the largest contract capital size.November onwards, this address has continuously taken profit, with its position size previously reaching 920000000 USD。 🔥
Key points
01
The text states that this address reduced its 1,331,106.00 tokens XRP short position, equivalent to approximately 2,096,750.37 USD。
02
The text discloses that the remaining position size is 21,180,623.67 USD, with an average entry price of 1.49 USD。
03
The text discloses that current P&L is +3,396,352.00 USD（+80.18%), and the current token price is 1.28 USD。
04
The text discloses that the liquidation price is 12.73 USD, and provides the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The text states that this address was previously Hyperliquid the whale with the largest contract capital size, 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 is a position that bets on a price decline. Reducing a position means decreasing the size of that short position; the text also lists the remaining position, P&L, and price data.
Why it matters to readers
If the data is accurate, a single address reducing its XRP short position may reduce selling pressure from this address beyond future position closing, but does not represent the overall market trend.
This is position information for a single wallet and cannot alone be used to determine whether XRP will definitely rise or fall.
Risks and unknowns
Independent on-chain or Hyperliquid evidence for the wallet label, position, P&L, and historical position data is not provided in the original text.
It cannot be confirmed from the original text alone that this address is indeed Abraxas Capital, nor can the accuracy of the disclosed data be confirmed.
The actions of a single address do not represent the overall market trend.
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Related concepts
Short Position
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