Two Abraxas Capital addresses hold ZEC shorts with $34.98M in unrealized gains

November 11: According to monitoring by on-chain analyst Ember, as ZEC's price plunged below $1,000, two addresses of asset manager or hedge fund Abraxas Capital that hold ZEC short positions on Hyperliquid are sitting on $34.98 million in unrealized gains from their ZEC positions alone. The two addresses' total unrealized gains across all currently open positions now stand at $118 million.