Trader Loracle shorted 1.24 million HYPE tokens, the largest open position on Hyperliquid for HYPE.

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Mars Finance News, May 12 — According to Hyperinsight monitoring, the well-known trader “Loracle” on Hyperliquid has fully realized profits on their large floating gains in ZEC and TON long positions. The main holdings have shifted to three major short positions in HYPE, BTC, and SNDK (SanDisk), with weekly profits increasing again to $12.7 million.
Among them, the HYPE short position is currently the largest single position for this address, currently short 1.2432 million HYPE tokens with 5x leverage, worth approximately $51.2 million, making it the largest short on the Hyperliquid platform for HYPE.
During the HYPE pullback last night and this morning, this short position has turned profitable, with floating gains of about $790k (7.8%).
It is reported that two days ago, this address significantly reduced its HYPE short, adding approximately $12 million, lowering the average entry price to $41.81.
Last night, it also shorted BTC with 20x leverage, with a scale of $11.1 million.

HYPE-4.07%
ZEC-1.87%
TON-0.74%
BTC-1.8%
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