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tasmin praviste varunasya sainika
yado-ganah sanna-dhiyah sasadhvasah
ahanyamana api tasya varcasa
pradharsita durataram pradudruvuh
Translation by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
On his entering the ocean, the aquatic animals who formed the host of Varuna were stricken with fear and ran far away. Thus Hiranyaksa showed his splendor without dealing a blow.
Purport by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
Materialistic demons sometimes appear to be very powerful and are seen to establish their supremacy throughout the world. Here also it appears that Hiranyaksa, by his demoniac strength, actually established his supremacy throughout the universe, and the demigods were afraid of his uncommon power. Not only were the demigods in space afraid of the demons Hiranyakasipu and Hiranyaksa, but so also were the aquatic animals within the sea.