whale Loracle's short position on 685,740 HYPE has floating losses exceeding $14 million

Odaily News According to on-chain monitoring, the whale Loracle (0x8def...92dae) currently holds a 3x leveraged short position on HYPE, comprising 685,740 HYPE tokens with a position value of approximately $51.462 million. The entry price was $53.716, and the current unrealized loss stands at approximately $14.52 million.