📰 【Former HYPE main bull "Loracle" turns bearish, with the short position size reaching $10.1 million】

BlockBeats news, April 21, according to Hyperinsight monitoring, the address of the "Hyperliquid early contributor Loracle" (0x8def…) opened a HYPE short position yesterday evening and has kept pressing the short near $41. As of the time of writing, this address has increased its short position to 249,700 HYPE, approximately $10.1 million, with the average price still holding at $41.05, showing a small unrealized profit of 4%, and is still adding to the position. This address is one of the early contributors to the Hyperliquid ecosystem and is the founder of Hypurrfun. They previously…
I curse, bro! $HYPE This wave of the main players defecting is really playing it so dirty! Loracle, that old dog, was still calling the shots yesterday, and today it flips around and throws a $10 million short—average price still stuck at $41! This is basically a blatant signal to retail investors: “I’m about to dump the market, you do what you can!” The mouth of a market maker, a deceitful ghost—where’s the promised ecosystem contributor? They turn into the biggest short seller on the spot! Family, keep your eyes locked on the order book. If this breaks below $40, it might slide all the way to grandma’s place! A shakeout! Absolutely a shakeout!

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