Loracle reduces HYPE spot holdings, short position floating loss expands to $23 million

Odaily Odaily Planet Daily reported that according to Onchain Lens monitoring, trader Loracle (@loraclexyz) has deposited 616,670 HYPE into HyperLiquid, worth approximately $36 million, and has begun selling, with only about 78,000 HYPE remaining for sale.

In addition, the floating loss on his 5x leveraged HYPE short position has now expanded to $23 million, with a liquidation price of $83.34.