BlockBeats News, May 29th - According to on-chain analyst Yu Jin, the largest HYPE short seller, loracle.hl, continues to sell HYPE: after selling 557,000 HYPE ($33.5 million) last Thursday, he has applied for another redemption of 892,500 HYPE.
2 hours ago, the successfully redeemed 892,500 HYPE ($55.6 million) was transferred to Hyperliquid for further sales. Similarly, after these 892,500 HYPE were transferred to Hyperliquid, there was another redemption request for the remaining 700,000 HYPE in the address.
