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CoinWorld News: Abraxas Capital’s main address increased its HYPE short position by 9,267.09 units on the HyperLiquid platform, equivalent to about $2.01M. The address currently holds $12.27M, with its average entry price adjusted from $48.62 to $49.18. Its current profit and loss is -$3.31M; the current coin price is $67.32, and the liquidation price is $106.72. The address began building the position in May, previously being the largest whale by contract fund size on HyperLiquid. It has been taking profits continuously since November, and the position size once reached $920M.