MLM comes out endorsing, the more you watch this script, the more it seems like a carefully planned exit strategy

According to Lookonchain, the giant whale loracle’s HYPE short position has exceeded $100 million, with unrealized losses of over $23 million and a liquidation price of $69.49. MLM clarified that this position hedges 2.16 million staked HYPE, and that 560k HYPE is currently being unstaked; because selling pressure from the unstaking of HYPE in the spot market would drag down the exit price, loracle instead established a short position using perpetual contracts to lock in profits.