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Loracle has again unstaked 894k HYPE tokens and continues to reduce holdings
Odaily Planet Daily reported that according to MLM monitoring, Loracle has once again unstaked 894,000 HYPE tokens (approximately $55.4 million), reducing its currently staked HYPE to about 700,000 tokens (approximately $43.4 million). Previously, it had completed an unstaking operation of 558,000 HYPE tokens (approximately $34.6 million).
Data shows that Loracle is also continuously selling its spot holdings, currently holding about 396,000 HYPE tokens (approximately $24.5 million), while maintaining a short position of about 1.83 million HYPE tokens (approximately $113.5 million). Overall, Loracle's current short exposure has covered about 92% of its spot holdings, and the market is highly focused on its ongoing unstaking and hedging activities.