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2026-05-22 01:10:04

2.1 million HYPE hedging positions are starting to unload, with 550k already transferred and sold.

HYPE-0.33%

View Original

MarsBitNews2026-05-22 00:53:11

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

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.

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