TechFlow News: On May 29, analyst Yu Jin, monitoring on-chain activity, reported that loracle.hl—the largest short position holder of HYPE—sold 557,000 HYPE tokens (approximately $33.35 million) last Thursday. Subsequently, loracle.hl transferred another 892,500 HYPE tokens (approximately $55.6 million), successfully redeemed from the protocol, to Hyperliquid for further sale. Additionally, loracle.hl has initiated a redemption request for the remaining 700,000 HYPE tokens held in the redemption address.
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