Loracle is simultaneously clearing short positions to cut losses and locking in spot assets into HyperLiquid. This script is more complicated than DeFi mining, so those monitoring the market over the weekend are in luck.

Crypto whale Loracle continues to reduce positions and cut losses after HYPE’s surge, with cumulative reductions of over $90 million. Its 5x-leverage short position has been reduced to about $9.2 million. It is currently down by about $3.4 million and still has orders placed to fully liquidate. Over the weekend, it transferred 893,000 HYPE spot tokens to HyperLiquid; the value has risen to $65 million based on the price, but they have not been sold yet. Last month, 1,115,000 HYPE tokens were unlocked, totaling about $63.51 million. On May 21, it sold 557,000 tokens, about $33.35 million.