The HYPE Oracle, the largest smart contract whale, has dumped over 610,000 HYPE tokens, worth $36 million.
BlockBeats News, May 22nd, according to HyperInsight monitoring, the largest HYPE contract short position loracle.hl (@loraclexyz) deposited 616,670 HYPE into Hyperliquid, worth $36 million, and started selling. Currently, only 78,000 HYPE remains to be sold.
loracle currently holds a 5x leveraged HYPE short position for hedging spot, with a value of up to $104 million, and an unrealized loss of $22.78 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bertelsmann plans merger of Brazil’s Afya and YDUQS to expand education business
Sivers Semiconductors names Marc Pegulu head of Wireless unit
Swiss Franc strengthens ahead of SNB policy decision
US Treasury sell-off triggers massive waves in global bond markets! Global average yields approach the 4% threshold, Japan's 10-year hits a 30-year high
On Thursday, the global government bond sell-off intensified, pushing the average yield close to 4%, a level not seen since 2007.
Crypto prices
More
