Abraxas Capital Primary address reduced 1492700 tokens XRP from its short position, reducing the position to 23277400 USD
BIBIBI
AT A GLANCE
The post states that Abraxas Capital primary address reduced 1492700 tokens XRP from its short position, but the related data has not been independently verified.
Article
🐳 【Abraxas Capital Primary address】XRP Short position take-profit!
💰XRP Reduced short position by 1,492,744.00 tokens, equivalent to 2,187,985.25 USD▫️ Position size: 23,277,374.04 USD▫️ Average entry price: 1.49 USD▫️ Current profit/loss: +3,281,914.29 USD (+70.50%)
▫️ Current token price: 1.31 USD▫️ Liquidation price: 13.00 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began building on May, and the address was previously the whale with the largest contract position size on Hyperliquid.November, this address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post states that XRP reduced its short position by 1,492,744.00 tokens, equivalent to 2,187,985.25 USD。
02
The position size listed in the post is 23,277,374.04 USD, with an average entry price of 1.49 USD。
03
The post listed current profit/loss as +3,281,914.29 USD (+70.50%).
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The current token price listed in the post is 1.31 USD, and the liquidation price is 13.00 USD。
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The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
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The post states that the large short position began building on May, and that the address has continuously taken profits since November.
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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.
A short position is a position that bets on a price decline; reducing a short position means scaling down such a position. The post describes this operation as “taking profit” and also provides data such as position size, average entry price, profit/loss, token price, and liquidation price.
Why it matters to readers
This information indicates that an address attributed by the post to Abraxas Capital is reducing its XRP short position, which may be used to monitor subsequent changes in the address's position; however, the post alone cannot determine the actual impact of this operation on the XRP market.
Beginners can treat this as an unverified update on a large holder's position, rather than a direct trading signal. Focus on distinguishing data claimed by the post from independently verified facts.
Risks and unknowns
The original text alone cannot independently confirm that this address belongs to Abraxas Capital。
The original text does not provide directly verifiable on-chain transaction records or position screenshots.
It cannot be confirmed whether the listed reduction amount, position size, profit/loss, average entry price, token price, and liquidation price are accurate.
The original text does not specify the exact years corresponding to “May” and “November”.
The original text cannot confirm the impact of this position reduction on XRP prices or the overall market.
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Related concepts
Short Position
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