August 4, 2026·Bearish·onchain activity

Abraxas Capital Unwinds HYPE Hedge, Sells 49,852 Spot

Abraxas Capital has begun unwinding its Hyperliquid (HYPE) hedge across two wallets since August 1, selling 49,852 HYPE in spot. This follows Loracle's halt of spot HYPE sales, signaling a shift in large holder activity.

Detected & updated continuously · Source: Nebula

Mentioned

Hyperliquid (hype)

Sources

@alex_hunter20

In addition to Loracle having stopped selling his spot hyperliquid:native, Abraxas Capital began unwinding its hyperliquid:native hedge across both wallets on Aug 1. - 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36 sold 49,852 hyperliquid:native spot ($2.63M) and closed 49,852