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HYPE Whale Loracle Begins Reducing $114M Short Position After $59M Token Unlock on May 30

GateNews

Token Events On-Chain Data

2026-05-30 09:53:30

HYPE7.33%

According to BlockBeats and Hyperinsight monitoring, HYPE's largest short seller, Loracle, unlocked 893,000 HYPE tokens worth approximately $59 million yesterday and transferred them to a HyperEVM address on May 30. The whale has also begun reducing its massive short position, cutting approximately $3 million in shorts over the past 2 hours at roughly $500,000 per transaction. Loracle's current short position remains valued at $114 million with unrealized losses of $35.5 million, consuming approximately $23 million of the trader's $27 million margin balance.

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