The largest short position in the HYPE contract is held by the loracle.hl, who holds 2.1 million HYPE spot and has commenced selling.

BlockBeats News, May 21st, according to Ashes Monitor, the largest HYPE short contract by HYPE oracle.hl is not a naked short, the short position is a hedge for the 2.1 million HYPE ( $127 million) he holds.

However, after HYPE reached a new high, he also started selling the HYPE spot he held: 20 minutes ago, he transferred 557,000 HYPE ( $33.5 million) from the HyperEVM chain to Hyperliquid and is currently selling.

He still holds about 1.667 million HYPE ( $105 million) on the HyperEVM chain.