HYPE’s largest contract short seller Oracle sells over 610,000 HYPE tokens, worth $36 million

BlockBeats News, May 22nd, according to HyperInsight monitoring, the largest short position contract loracle.hl (@loraclexyz) deposited 616,670 HYPE into Hyperliquid, worth $36 million, and began selling. Currently, only 78,000 HYPE remains to be sold.

loracle currently holds a 5x leveraged HYPE short position to hedge spot, with a value of up to $104 million, and an unrealized loss of $22.78 million.