Trader 'Loracle' Initiates HYPE Short Position, Continues to Short around $41

BlockBeats News, April 20, according to Hyperinsight monitoring, in the past 10 minutes, the "Hyperliquid early contributor Loracle" address (0x8def...) opened a 5x leverage HYPE short position, with a scale of 29,000 tokens, worth approximately $1.2 million, at an average price of $41.04. As of the time of writing, the short position is still being held around this price.

This address is one of the early contributors to the Hyperliquid ecosystem and is the founder of Hypurrfun. During the primary uptrend of the HYPE price rebound from $20, the address had aggressively taken a long position, with a scale exceeding $40 million at one point.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae