🔥 HYPE ecosystem giant whale fires the first shot: dumping + adding shorts, betting on a collapse with 5x leverage?

After co-founder actively shorted HYPE, the ecosystem whale Loracle.hl also took action today.

On-chain monitoring shows that after receiving 556,800 HYPE tokens (about $22 million), the address quickly sold off and simultaneously added to its short position using 5x full-margin leverage.

📌 Position details:

· Short position: 821,000 HYPE (worth $32.3 million)

· Entry average price: $40.62

· Unrealized profit and loss: +$1.0278 million

· Liquidation price: $51.33

· Margin: $6.46 million

At the current price of $39.37, the floating profit is already over $1 million. As long as HYPE rebounds to less than $51.33, this short position can continue to suppress the price.

While bulk-accumulating tokens, opening shorts with leverage—this is not hedging; it’s targeted harvesting.

HYPE’s sell pressure is shifting from “the founder’s posture” to “the whale’s actions.” If more early addresses follow suit, liquidity may not be able to hold.

The question now is not “Will it go down?” but—who’s going to be the one buying the dip?

This article is an original analysis by “Haar H”.

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$HYPE