Abraxas's two hedge accounts have accumulated a profit of $428.56 million, while still holding a $1.05 billion short position.

According to TechFlow, on November 9, per Lookonchain data, Abraxas Capital has realized cumulative profits of $428.56 million across two hedging accounts on Hyperliquid, and currently holds short positions worth approximately $1.05 billion.The accompanying image shows that the cumulative P&L for the two accounts are $243.87 million and $184.69 million respectively, with short positions of approximately $576 million and $473 million.