Whale Dumps $36M in HYPE to Shore Up $103M Short on Hyperliquid as Liquidation Risk Builds

Whale trader Loracle deposited and rapidly sold 616,675 Hyperliquid tokens worth $36.76 million, using the proceeds to defend a short position carrying over $103 million in notional exposure as the token trades near its all-time high. Loracle Offloads HYPE to Defend Massive Short as Squeeze Risk Mounts Onchain data shows that Loracle, the trader holding […]