HYPE's largest short seller, Loracle, has transferred $64 million worth of spot positions into Hyperliquid, accompanied by stop-losses on short positions

Odaily Odaily News As HYPE surges above $70, HYPE's largest short seller, "Trader Loracle," has been continuously reducing his HYPE short positions over the past few hours. As of press time, the size of his 5x leveraged short position has decreased from $102 million to $60.94 million, with the current loss still amounting to $22.58 million (-74%).

It is reported that over the weekend, Loracle transferred his on-chain 893,000 HYPE tokens spot into Hyperliquid. As the price rallied, the value of this spot position appreciated from $54.5 million to $64 million and has not been sold yet.

Over the past month, this whale has unlocked a total of 1,115,000 HYPE tokens (worth approximately $63.51 million) on two separate occasions. According to clearly traceable on-chain records, he sold 557,000 HYPE tokens (worth about $33.35 million) on May 21, the day HYPE first broke its all-time high. (HyperInsight)