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Abraxas Capital Acquires 120.9k PT-kHYPE Tokens, Holding a Total of 146.5k PT-kHYPE

Summary: According to on-chain data, Abraxas Capital has transferred 410k HYPE tokens (18.5 million USD) to HyperEVM today and staked all assets on Kinetiq. Subsequently, they purchased 25,600 PT-kHYPE tokens (1.1 million USD), accumulating a total of 120,900 PT-kHYPE tokens (5.4 million USD) in the past four days. They currently hold 146,500 PT-kHYPE tokens (6.5 million ...

According to on-chain data, Abraxas Capital has transferred 410k HYPE tokens (18.5 million USD) to HyperEVM today and staked all assets on Kinetiq.

Subsequently, they purchased 25,600 PT-kHYPE tokens (1.1 million USD), accumulating a total of 120,900 PT-kHYPE tokens (5.4 million USD) in the past four days. They currently hold 146,500 PT-kHYPE tokens (6.5 million USD). These transactions are part of their Elysium Global Arbitrage Fund and follow a fully Delta neutral strategy.

Note: A fully Delta neutral strategy involves offsetting position risks through hedging or arbitrage, deriving profits from factors other than price movements, such as spreads, fees, liquidity incentives, time value, or arbitrage opportunities.

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Link: Abraxas Capital Acquires 120.9k PT-kHYPE Tokens, Holding a Total of 146.5k PT-kHYPE [Copy]

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