HYPE's Largest Short Seller Loracle Cuts Short Position to $60M; 893K Tokens Worth $59M at Rest

GateNews
HYPE5.07%
According to BlockBeats, citing Hyperinsight monitoring data, on June 1, HYPE's largest short seller Loracle reduced short positions from $108 million to $60 million over 36 hours, with unrealized losses of $22.5 million. The trader's 893,000 unstaked HYPE tokens, worth approximately $59 million, were transferred to a HyperEVM address and remain stationary.
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