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

According to Onchain Lens monitoring, 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 for sale.

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