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A wallet tied to crypto investment firm Abraxas Capital has recorded $193 million in cumulative profit and loss from trading perpetual futures on Hyperliquid, setting a record high. The wallet now has the highest cumulative perpetual futures profit on Hyperliquid.
Still, the position is hedged with spot holdings, so the full $193 million should not be viewed as net realized profit. The wallet currently holds about $207.44 million in USDC, with cumulative trading volume of $5.43 billion and open interest of $725 million.