Coin World news, on August 26, according to on-chain data, Abraxas Capital today transferred 410,000 HYPE (18.5 million USD) to HyperEVM and has conducted liquidity staking of all assets on Kinetiq. Subsequently, they purchased 25,600 PT-kHYPE (1.1 million USD), accumulating a total of 120,900 PT-kHYPE (5.4 million USD) over the past four days, and currently hold a total of 146,500 PT-kHYPE (6.5 million USD). These operations are part of their Elysium Global Arbitrage Fund and follow a fully Delta neutral strategy. Coin World notes: "A fully Delta neutral strategy" is understood as positions that completely offset risk in price direction through hedging or arbitrage, where returns are not based on betting on price increases or decreases, but rather come from interest rate spreads, transaction fees, liquidity incentives, time value, or arbitrage opportunities.