According to Ember Monitoring, HYPE's largest short position loracle.hl is not a naked short, but a hedge for the 2.1 million HYPE tokens (approximately $127 million) they hold. After HYPE reached a new high, they started selling spot holdings, transferring 557k HYPE (about $33.5 million) from HyperEVM to Hyperliquid and selling. Currently, they still hold about 557k HYPE (approximately $105 million) on the HyperEVM chain.

MarsBitNews

2026-05-22 00:53:11

Abstract generation in progress

Mars Finance News, on May 21, according to Ember Monitoring, the largest HYPE short seller loracle.hl is not naked short HYPE; the short position is a hedge for his holding of 2.1 million HYPE tokens ($127 million). However, after HYPE reached a new high, he also started selling the HYPE spot he held: 20 minutes ago, he transferred 557k HYPE ($33.35 million) from the HyperEVM chain into Hyperliquid, and is now selling. He still holds about 557k HYPE ($105 million) on the HyperEVM chain.

HYPE3.23%

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TheTreeInTheCenterOfMistValley

· 4h ago

loracle.hl this move is clever, using hedging in name to actually reduce holdings

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ExitLiquidityEddie

· 4h ago

2.1 million hedged tokens, now rising while selling, in fact, the bears are the bulls

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UnderTheWisteriaBridge

· 5h ago

550k tokens have been transferred, with 1.66M remaining. This selling pace is very steady.

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ExitLiquidityBuddy

· 5h ago

127M short positions start unloading, short-term selling pressure to watch out for

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BridgeHopBella

· 5h ago

Hedging turns into selling off, this move has some substance to it

View OriginalReply0

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HYPE's biggest short seller, oracle.hl, holds 2.1 million HYPE spot tokens and has started selling.

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