PANews, September 3: According to Lookonchain monitoring, over the past 12 hours, Abraxas Capital purchased an additional 16,554 ETH (valued at $39.8 million). Meanwhile, its two hedging accounts on Hyperliquid hold a total short position of 120,178 ETH, valued at $291.4 million.
Abraxas Capital Purchases Over 16,554 ETH Worth $39.8 Million in 12 Hours
PANewsShare
Summary
Abraxas Capital executed a value investing strategy in crypto by purchasing 16,554 ETH ($39.8M) within 12 hours, according to Lookonchain. Its two Hyperliquid accounts hold short positions of 120,178 ETH, valued at $291.4M, indicating a capital protection approach amid market volatility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.