Analysis: HYPE Contract Whale with $24 Million Floating Loss Holds Nearly $100 Million in HYPE Spot

According to community user @CaramelCoffee, Loracle unstaked 558,000 HYPE from its second wallet. This address holds a total of 1.598 million HYPE.

Loracle recently drew community attention due to an approximate $24 million floating loss from shorting HYPE. Its current short position stands at $103 million, with a liquidation price of $69.1.

Note: There are no direct fund transfers between this HYPE staking address and Loracle's contract trading address. The connection between the two is determined by the community.