Trader "Loracle" rekt his HYPE long position at $36 stop-loss, holding less than a tenth of the peak $22 million position size.

BlockBeats News, March 31. According to Hyperinsight Monitoring, in the past 1 hour, the "Hyperliquid Early Contributor Loracle" address (0x8def...) has continuously liquidated its HYPE long position through repeated stop-losses, with a total sell-off of 42,200 tokens, equivalent to approximately $1.52 million, at an average closing price of about $38.2.

After this round of profit-taking, its total HYPE long position has decreased to $1.21 million, with an unrealized loss of about $50,000 (-22%), and an average holding price of $37.63.

The peak HYPE holding of this address once reached $22 million; as HYPE plummeted from $40, this address has been consistently reducing its position and exiting the market, with the current holding now less than 10% of the peak, having withdrawn more than half of its position.