Loracle unstakes another 894,000 HYPE and continues reducing holdings

Odaily reports, according to MLM monitoring, Loracle has unstaked another 894,000 HYPE (approximately $55.4 million), reducing its currently staked HYPE to about 700,000 HYPE (approximately $43.4 million). Previously, it had completed the unstaking of 558,000 HYPE (approximately $34.6 million).

Data shows that Loracle is also continuously selling its spot holdings. It currently holds approximately 396,000 HYPE (approximately $24.5 million), while maintaining a short position of about 1.83 million HYPE (approximately $113.5 million). Overall, Loracle's current short exposure covers approximately 92% of its spot holdings, and the market remains highly attentive to its continued unstaking and strengthening of hedging activities.