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

Odaily Planet Daily News: According to on-chain analyst Yu Jin's monitoring, loracle.hl, the largest short position holder of HYPE, continues to sell HYPE: After selling 557,000 HYPE ($33.35 million) last Thursday, he further 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 these 892,500 HYPE were moved into Hyperliquid, he has again applied to redeem the final 700,000 HYPE in his address.