HYPE's Largest Short Loracle Transfers $64M Spot to Hyperliquid Amid Position Liquidation

GateNews
HYPE6.04%
According to Odaily, over the past few hours, Loracle (HYPE's largest short trader) reduced its leveraged short position from $102M to $60.94M amid a price surge to above $70. The trader simultaneously transferred 893K HYPE spot holdings worth $64M to Hyperliquid over the weekend, with current unrealized losses on the remaining position at $22.58M (-74%), according to on-chain data tracked by HyperInsight.
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