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

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

During the weekend, Loracle transferred his on-chain 893,000 HYPE spot into Hyperliquid. As the price rose, the value of these spots increased from $54.5 million to $64 million, and they have not been sold yet.

Over the past month, this whale has unlocked a total of 1.115 million HYPE (worth approximately $63.51 million) in two separate instances. In clearly traceable on-chain records, he sold 557,000 HYPE on May 21 (the day HYPE first broke its all-time high), worth approximately $33.35 million. (HyperInsight)