Trader Loracle Opens $8M SNDK Short at Mizuho's $1,625 Buy Target, Up 10% Today

HYPE-3.06%

According to BlockBeats citing Hyperinsight, trader Loracle opened a $8 million SNDK short position on Hyperliquid on May 11, averaging $1,622 with 10x leverage. The trader added to the position during an intraday price spike this morning and currently holds the platform’s second-largest SNDK short, with unrealized gains of $96,000 (10% return). Loracle’s entry price of $1,622 closely matches Mizuho analyst Vijay Rakesh’s buy target of $1,625, which was raised on May 7.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments