Monitoring indicates that Abraxas Capital main address's XRP short position has turned into an unrealized profit of approximately 290000 USD
BIBIBI
AT A GLANCE
The monitoring post states that Abraxas Capital main address's XRP short position has turned from a loss into a profit.
Article
🐳【Abraxas Capital Main address】XRP Short position turns from loss to profit!
▫️ P&L: -1,760,430.08 USD (-32.02%) → +291,828.53 USD (+5.73%)
▫️ Average entry price: 1.48 USD▫️ Current token price: 1.47 USD▫️ Liquidation price: 11.27 USD▫️ Position size: 25,443,555.47 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May; it was previously Hyperliquid the whale with the largest contract position size.November; from then on, the address continuously took profits, with its position size previously reaching 920000000 USD. 🔥
On-chain Perp live-trading social network graph. View the most comprehensive Hyperliquid on-chain data:https://www.tradingbeats.xyz
Key points
01
The post lists the P&L change as -1,760,430.08 USD（-32.02%） to +291,828.53 USD（+5.73%）。
02
The post lists the average entry price as 1.48 USD, the current token price as 1.47 USD, and the liquidation price as 11.27 USD。
03
The post lists the position size as 25,443,555.47 USD。
04
The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post states that the large short position was opened on May, and that the address has continuously taken profits since November.
06
The post states that the address's position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when prices fall. The post shows that the current token price 1.47 USD, is below the listed average entry price 1.48 USD, so the position is reported as having an unrealized profit; “unrealized profit” can still change with price and position changes and does not constitute realized gains.
Why it matters to readers
This set of data shows the status of a large Abraxas Capital short position associated with the main address XRP, which can be used to monitor the address's position, P&L, and liquidation risk, but cannot alone represent the overall market direction of XRP.
Beginners should distinguish between the average entry price, current token price, liquidation price, and position size, and note that position data published on social platforms should be cross-verified.
Risks and unknowns
The supplied materials do not provide independent on-chain records or Hyperliquid official data, so the address attribution, position direction, and accuracy of the various figures cannot be confirmed.
It cannot be confirmed from the original text which specific year “May” and “November” correspond to.
It cannot be confirmed whether the stated profit and loss figures are real-time data, unrealized profit and loss, or realized gains.
It cannot be confirmed whether the address is still holding the position, reducing it, or has closed it.
“Previously, it was the Hyperliquid whale with the largest contract position size,” and its previous position size reached 920000000 USD both lack supporting evidence.
Related Developments
Loading event timeline…
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
