On June 2nd, according to Hyperinsight monitoring, the largest HYPE short seller "Trader Loracle" has been reducing positions to cut losses after HYPE surged over $70. Since yesterday, he has cumulatively sold over $90 million worth, with his 5x leveraged short position decreasing from $102 million to $9.2 million, currently still incurring a loss of $3.4 million (-74%). As of press time, he remains placing buy orders; if fully liquidated, losses could exceed $30 million.



It is reported that over the weekend, Loracle transferred 893k HYPE tokens on-chain to Hyperliquid. Along with the price rally, the value of this holding increased from $54.5 million to $65 million. Currently, the tokens are held in spot and have not been sold.

In the past month, this whale has unlocked a total of 893k HYPE tokens (worth approximately $63.51 million) twice. In traceable on-chain records, he sold 557k HYPE tokens on May 21st (the day HYPE hit a new all-time high), valued at about $33.35 million. #成长值抽奖赢金条
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GateUser-de6bfe77
· 18h ago
Hop on now! 🚗
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GateUser-1ccc3023
· 18h ago
Steadfast HODL💎
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