Somebody's Gaining, Somebody's Losing: Largest Short Position After Hitting Hype High Leads to $25.9 Million Unrealized Loss

BlockBeats News, May 21st, as the HYPE reached a new high, the on-chain longs and shorts continued to experience a rollercoaster of emotions. As of the time of writing:

The largest HYPE short, loracle.hl, is currently at a floating loss of $25.9 million. Their short position is 1.82 million HYPE, now valued at $109.5 million, with the latest liquidation price at $68.8.

The largest HYPE long address has seen a floating profit of $28.64 million: they went long in November last year at a price of $38.6 for 1.38 million HYPE ($82 million), and have been holding for 7 months.