Loracle’s short position is floating a loss of 26.8 million. In the past hour, it rapidly dumped 63,000 tokens for a stop-loss—just like that, the giant whale turned into a leek.

The crypto whale Loracle is still at a loss, with short positions around $26.8 million, and 5x leverage reduced to $102 million; HYPE's rise caused it to reduce holdings by 63k tokens in the past hour, unlocking 893k staked tokens worth approximately $54.5 million, the largest single unlock to date, previously unlocking 63k tokens; on May 21, on-chain selling of 557k tokens worth about $33.35 million, with spot holdings still on-chain and unsold.