Trader Loracle increased their HYPE short position by 200,000 tokens, bringing the total size to $68.1 million.

May 19 — Per monitoring from Hyperinsight (via its Telegram channel @HyperInsight), the HYPE token has been rallying steadily, trading above $48 as of this morning. On Hyperliquid, prominent trader “Loracle” added to his HYPE short exposure to flatten a portion of his position, accumulating roughly 200,000 tokens worth around $9.4 million. Currently, using 5x leverage, Loracle holds a short position of 1.443 million HYPE tokens, valued at approximately $68.1 million. His average entry price for the short has risen from $41.8 to $42.55, resulting in an unrealized loss of $6.76 million (a -47% decline). Separately, the market has long suspected the largest HYPE long-position holder to be the "HYPE listing insider" whale, and this wallet continues to hold a sizeable long position. Currently employing 5x leverage, it is long 1.38 million HYPE tokens, valued at around $65.3 million, with an average entry price of $38.67 and an unrealized gain of $11.9 million. Wallet addresses: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae 0x082e843a431aef031264dc232693dd710aedca88