Two addresses linked to Abraxas Capital (0x5b5, 0xb83) increased HYPE long positions at $38.6 within a 30-minute window over the past 6 hours, bringing combined holdings to approximately $7.75 million, HyperInsight data show. The addresses retain $79.77 million in HYPE short positions, with primary short exposures including $192 million in ETH, $109 million in BTC, and $51.43 million in HYPE. Total nominal holdings across both addresses declined from $620 million to $440 million, with weekly realized profits reaching $24.77 million. A subsidiary address closed multiple-token positions today and withdrew nearly $100 million, partially transferred to Binance hot wallets, reducing its nominal holdings to $38.81 million with HYPE shorts as the sole position exceeding $10 million.