Loracle, known by the handle @loraclexyz, has initiated a significant short position on $HYPE, valued at $11 million with 5x leverage. The position is reportedly still increasing, indicating a strong bearish sentiment on the asset. Additionally, Loracle maintains a long position on 374.66 $PAXG, also with 5x leverage, showcasing a diversified trading strategy.
Loracle Opens $11M Short Position on $HYPE with 5x Leverage
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