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MirrorBallReflection

557k → 892.5k → and another 700k are still queuing—are they treating Hyperliquid like an ATM?

HYPE-8.12%
View Original
BlockBeatNews
HYPE’s largest short seller, Loracle, transferred 892,500 HYPE to Hyperliquid and applied to redeem 700,000 HYPE.
BlockBeats reports that HYPE's largest short position holder, loracle.hl, continues to sell. Last Thursday, they sold 557k HYPE tokens (approximately $33.5 million), and then applied to redeem another 892.5k tokens. The 892.5k tokens recently redeemed have been transferred to Hyperliquid, and may be sold further; at the same time, the remaining approximately 700k HYPE tokens in that address are also being redeemed.
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