TechFlow News, June 1: According to HyperInsight monitoring, as HYPE surged above $70, the largest HYPE short position—“trader Loracle”—has been steadily reducing its HYPE short positions over the past several hours. As of press time, its leveraged (5x) short position size has decreased from $102 million to $60.94 million, with current losses totaling $22.58 million (-74%).
Over the weekend, Loracle transferred 893,000 HYPE spot tokens on-chain to Hyperliquid. Amid the price rally, the value of this spot holding increased from $54.5 million to $64 million; it has not yet been sold.
Over the prior month, this whale has unlocked HYPE tokens twice, totaling 1,115,000 HYPE (valued at approximately $63.51 million). Based on traceable on-chain records, Loracle sold 557,000 HYPE on May 21—the day HYPE first broke its all-time high—for approximately $33.35 million.
📌 Contract address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
📌 On-chain staking address: 0xE44bd27c9F10fa2F89fdb3ab4B4F0E460da29EA8
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