HYPE's Largest Short Trader Loracle Liquidates $90M in Positions After 70% Loss

According to Hyperinsight monitoring, on June 2, HYPE's largest short trader Loracle has accumulated liquidations exceeding $90 million since HYPE surged past $70, reducing its 5x leveraged short position from $102 million to $9.2 million. The trader currently faces a $3.4 million loss (-74%) and continues to place buy orders with plans for complete liquidation, which could result in total losses exceeding $30 million.

Separately, Loracle transferred 893,000 HYPE tokens from the chain to Hyperliquid over the weekend. Following the price rally, the holdings appreciated from $54.5 million to $65 million, currently held in spot accounts and not yet sold.