The HYPE Oracle, the largest smart contract whale, has dumped over 610,000 HYPE tokens, worth $36 million.
BlockBeats News, May 22nd, according to HyperInsight monitoring, the largest HYPE contract short position loracle.hl (@loraclexyz) deposited 616,670 HYPE into Hyperliquid, worth $36 million, and started selling. Currently, only 78,000 HYPE remains to be sold.
loracle currently holds a 5x leveraged HYPE short position for hedging spot, with a value of up to $104 million, and an unrealized loss of $22.78 million.
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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