HYPE's largest short seller, loracle.hl, transferred 557,000 HYPE to Hyperliquid for selling

Odaily Planet Daily News According to on-chain analyst Yujian's monitoring, the largest HYPE short seller, loracle.hl, is not simply shorting HYPE naked. Their short position serves as a hedging operation for their holdings of 2.1 million HYPE ($127 million). After HYPE reached new highs, they also began selling their HYPE spot holdings: 20 minutes ago, they transferred 557,000 HYPE ($33.35 million) from the HyperEVM chain to Hyperliquid. They are currently in the process of selling, and still hold approximately 1.667 million HYPE ($105 million) on the HyperEVM chain.