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Abraxas Capital recently purchased 120,900 PT-kHYPE tokens, bringing their total holdings to 146,500 PT-kHYPE tokens.

6 hours ago

On August 26th, based on on-chain data, Abraxas Capital transferred 410,000 HYPE tokens (amounting to 18.5 million USD) to HyperEVM today and then staked all the assets on Kinetiq. Subsequently, they also purchased 25,600 PT-kHYPE tokens (with a value of 1.1 million USD). In the past four days, they have accumulated a total purchase of 120,900 PT-kHYPE tokens (worth 5.4 million USD). Currently, they hold 146,500 PT-kHYPE tokens (valued at 6.5 million USD). These operations are part of their Elysium Global Arbitrage Fund and are carried out in accordance with a fully Delta neutral strategy. BlockBeats Note: A "fully Delta neutral strategy" indicates that the position, through hedging or arbitrage, completely eliminates the risk in terms of price direction. The source of returns comes not from speculating on price movements but from spreads, fees, liquidity incentives, time value, or arbitrage opportunities.
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