Loracle deposited 892,500 HYPE into Hyperliquid and applied to redeem 700,000 HYPE

According to monitoring by on-chain analyst Yu Jin, the largest HYPE short position holder, loracle.hl, continues to sell HYPE: after selling 557,000 HYPE ($33.35 million) last Thursday, he then applied to redeem 892,500 HYPE. Two hours ago, he transferred the successfully redeemed 892,500 HYPE ($55.6 million) into Hyperliquid, and is expected to continue selling. Similarly, after transferring these 892,500 HYPE into Hyperliquid, he has also applied to redeem the last 700,000 HYPE in his address.