Abraxas Capital Wallet Sets $193 Million Perpetual Profit Record

Enna Lee

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Abraxas Capital Wallet Sets $193 Million Perpetual Profit Record

The account holds about $207 million in USDC and has recorded $5.43 billion in cumulative trading volume.

By Enna Lee

Published Oct 24, 2026, 2:03 PM EDT

Mentioned assets

USDC
BTCBitcoin
ETHEthereum
SOLSolana

Three metal discs balanced beside a small steel counterweight / TokenPost.ai

An Abraxas Capital wallet has logged a record $193 million in cumulative profit from Hyperliquid perpetual contracts, with spot assets hedging exposure as its open positions reach about $725 million.

Because spot assets offset some of the account's exposure, the profit total does not come solely from directional trades. The wallet holds about $207 million in USDC and has recorded $5.43 billion in cumulative trading volume.

It also maintains sizable positions in Bitcoin (BTC), Ether (ETH) and Solana (SOL).

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.