# Abraxas Capital-Linked Addresses Show $34.98 Million in Zcash Short Gains By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/54815 Published: 2026-11-12T02:31:27.000Z Updated: 2026-11-12T02:31:27.000Z Section: Investing > The two Hyperliquid addresses had $118 million in combined unrealized profit across open positions, with the ZEC shorts accounting for $34.98 million of the total. A Nov. 11 snapshot showed two Hyperliquid addresses linked to Abraxas Capital had $34.98 million in unrealized profit on Zcash (ZEC) shorts as ZEC fell below $1,000. Those shorts were part of $118 million in combined unrealized profit across the two addresses’ open positions. The ZEC amount reflects gains on positions that remained open, not profit locked in by closing trades. A Nov. 8 snapshot of [Abraxas Capital’s Hyperliquid positions]() put their total value at $451.85 million, nearly all short, with $30.77 million in unrealized profit. ## Links in this article - [Abraxas Capital’s Hyperliquid positions](https://www.tokenpost.com/news/investing/52307)