Tracking from Lookonchain shows that the whale loracle.hl is holding a Short HYPE position worth over $100 million, with unrealized losses exceeding $23 million and a liquidation price of $69.49.
The information was recorded on May 21st. It is currently unclear at what price this position was opened, as well as when the whale began increasing the size of the Short position.
The unrealized loss indicates that the position is under significant pressure from HYPE price volatility. However, the available data does not suggest that the whale has closed the position or adjusted its risk level.
The liquidation price of $69.49 is a noteworthy threshold for this position, but no further details on the next steps have been provided by loracle.hl.
