# Abraxas Capital Wallet Sets $193 Million Perpetual Profit Record

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/40195
Published: 2026-10-24T18:03:03.000Z
Updated: 2026-10-24T18:03:03.000Z
Section: Investing

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

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).