Price retraced to the $40 level, and the top short seller, known as "Loracle," successfully exited their short position.

BlockBeats News, April 28th, according to Hyperinsight monitoring, the HYPE price fell back in the afternoon, briefly touching the $40 integer mark. The trader "Loracle" on Hyperliquid, holding a 5x leveraged HYPE short position, then successfully exited the position. The current position size is $23.8 million, with an average entry price of $40.871, now being the largest on-chain HYPE short position.

It is reported that this address is one of the early contributors to the Hyperliquid ecosystem and the founder of Hypurrfun. Previously, during the major uptrend initiated by HYPE from $20, this address had taken a substantial long position, once ranking as the second-largest on-chain HYPE long position. However, on April 20th, they reversed their strategy to short.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae