The largest HYPE long whale, known as 'Loracle,' has started taking profits on its HYPE position as the token rebounded above $30. The position, initially established on January 12 with a 5x leverage at an average entry price of $22, has seen its value decrease to $46.2 million, with an unrealized profit of $8.6 million. This marks the first profit-taking move since the position was established, with the unrealized profit previously peaking at $16 million. Loracle, an early contributor to the Hyperliquid ecosystem and founder of Hypurrfun, remains active in the Hyperliquid futures market.