Trader "Loracle" has started building an initial short position in HYPE, continuously shorting around $41.
BlockBeats News, on April 20, according to monitoring by Hyperinsight, in the past 10 minutes, the "Hyperliquid early contributor Loracle" address (0x8def…) opened a 5x leverage HYPE short position totaling 29,000 tokens, approximately $1.2 million, with an average price of $41.04. As of press time, the position remains around this price level.
This address belongs to one of Hyperliquid's early ecosystem contributors and is the founder of Hypurrfun. Previously, during HYPE's main uptrend rebound from $20, this address took substantial long positions, with the position size once exceeding $40 million.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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