Hyperliquid Trader Loracle Shorts 1.2432M HYPE with 5x Leverage, Largest HYPE Short on Platform Worth $51.2M

HYPE-3.25%
According to BlockBeats citing Hyperinsight monitoring, on May 12, Hyperliquid trader Loracle shorted 1.2432 million HYPE with 5x leverage, worth approximately $51.2 million, marking the largest HYPE short position on the platform. The position turned profitable overnight as HYPE declined, with unrealized gains of approximately $790,000, or 7.8%.
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