Abraxas Capital Hits New Record With $193 Million in Cumulative Perpetual Contract Profits on Hyperliquid

On October 24, Hyperliquid News announced that the Abraxas Capital wallet’s P&L on perpetual contracts on Hyperliquid hit a record high, with cumulative profits reaching $193 million. However, this gain is not purely derived from directional trading, as its positions are hedged with spot assets. The Abraxas Capital wallet currently holds approximately $207.445 million in USDC, with a cumulative trading volume of $5.43 billion and an open position size of roughly $725 million. Additionally, the associated wallet maintains substantial BTC, ETH, and SOL positions on the Hyperliquid platform.