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

According to monitoring by Onchain Lens, trader Loracle (@loraclexyz) has deposited 616,670 HYPE, worth approximately $36 million, into HyperLiquid and has begun selling, with only about 78,000 HYPE remaining to be sold.

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