According to CoinMeta, the Abraxas Capital main address has opened a new short position of 860,427 XRP coins at a opening price of $1.60. The current coin price is $1.50, and the liquidation price is $66.13, resulting in a holding size of approximately $1,287,198.79. This account began building positions in May and was once the largest contract holder for HyperLiquid, with a holding size reaching $920 million in November.