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Trader Loracle Closes 102M HYPE Shorts at Loss, Records 33.75M Net Loss After Spot Hedge Today

2026-06-02 09:33:41

HYPE-1.54%

According to BlockBeats, trader Loracle closed over 102 million HYPE short positions today (June 2), recording a loss of 46.46 million dollars. The trader held 8.93 million HYPE spot tokens that have risen 25% in value to approximately 63.5 million dollars, generating a floating gain of 12.7 million dollars. After offsetting the spot gains, Loracle's overall position resulted in a net loss of approximately 33.75 million dollars, according to Hyperinsight monitoring.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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

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