Abraxas Capital makes a big move: $18.5 million in HYPE liquid staking and $6.5 million in PT-kHYPE Holdings.

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[Coin World] On August 26, according to on-chain data, Abraxas Capital today transferred 410,000 HYPE (18.5 million USD) to HyperEVM and conducted liquid staking of all assets on Kinetiq. Subsequently, they purchased 25,600 PT-kHYPE (1.1 million USD), and have cumulatively bought 120,900 PT-kHYPE (5.4 million USD) over the past four days, currently holding a total of 146,500 PT-kHYPE (6.5 million USD). These operations are part of their Elysium Global Arbitrage Fund and are fully Delta neutral strategies.

Note: The "fully Delta neutral strategy" is understood as a position that completely offsets the price direction risk through hedging or arbitrage. The profit does not come from betting on price increases or decreases, but rather from interest rate differentials, fees, liquidity incentives, time value, or arbitrage opportunities.

HYPE-0.99%
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HodlTheDoorvip
· 18h ago
Moving bricks is so fierce!
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IntrovertMetaversevip
· 18h ago
The feeling of top suckers and Large Investors
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LootboxPhobiavip
· 18h ago
Such a large sum! It's making me anxious.
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