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FeeSwitchLobbyist

2026-05-22 04:16:02

loracle.hl: I hedge my position by selling spot, but I am not short, understand?

View Original

BlockBeatNews2026-05-21 15:07:58

HYPE's largest contract short position, loracle.hl, holds 2.1 million HYPE spot tokens and has started selling.

BlockBeats May 21, according to Ember Monitoring, HYPE's largest contract short loracle.hl is not a naked short, but a hedge for the 2.1 million HYPE tokens he holds (approximately $127 million). After HYPE reached a new high, he started selling spot holdings: 20 minutes ago, transferred 557k HYPE from HyperEVM to Hyperliquid (about $33.35 million), and is currently selling. Additionally, he still holds about 557k HYPE tokens (approximately $105 million) in HyperEVM.

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