557.0k has already been dumped, 892.5k just hit the account, and another 700k is queuing—HYPE, this wave of sell-pressure script is written crystal clear; even on-chain analysts have their microscopes all set.

HYPE-3.99%
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MarsBitNews
HYPE's largest short seller Loracle transferred 892.5k HYPE to Hyperliquid and applied to redeem 700k HYPE.
On-chain analyst states that HYPE's largest short position holder, loracle.hl, is still selling HYPE: last Thursday, they sold 557k tokens (approximately $33.35 million), and then applied to redeem 892.5k tokens. Two hours ago, the redeemed 892.5k tokens were transferred to Hyperliquid, and they are expected to continue selling; after transferring to Hyperliquid, they are also applying to redeem the remaining 700k HYPE tokens from the address.
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