Former HYPE Bull "Loracle" Turns Bearish, Short Position Reaches $10.1 million

BlockBeats News, April 21st, according to Hyperinsight monitoring, the 「Hyperliquid early contributor Loracle」 address (0x8def…) has been opening a HYPE short position since yesterday evening and has been consistently shorting around $41.

As of the time of writing, the address has increased the short position to 249,700 tokens, equivalent to $10.1 million, with an average price still around $41.05, showing a slight profit of 4%, and is currently continuing to add to the position.

This address is one of the early contributors to the Hyperliquid ecosystem and is the founder of Hypurrfun. During the main uptrend period of the HYPE price from $20, the address took a large long position, with a scale exceeding $40 million at one point, becoming the second-largest on-chain HYPE bull.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae