Wu learned that according to Lookonchain monitoring, Abraxas Capital used two wallets (0xB83D and 0x5b5d) to short BTC, ETH, and SOL on Hyperliquid with 10 times leverage, or to hedge its spot holdings. Currently holding short positions in 2572 BTC ($288 million), 57317 ETH ($151 million), and 504957 SOL ($89.4 million), with unrealized losses exceeding $25 million. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=42829