Whale Loracle.hl Sells Off HYPE Tokens Amid Leveraged Short Position

A significant transaction involving the cryptocurrency HYPE has been reported. According to ChainCatcher, monitoring by Onchain Lens revealed that the whale known as Loracle.hl (@loraclexyz) received 55.68 million HYPE tokens, valued at $22 million. Following this acquisition, Loracle.hl began selling off the tokens and simultaneously increased a leveraged short position on HYPE with a value exceeding $32 million.