loracle.hl, the largest short position holder of HYPE, has transferred and sold 892,500 HYPE tokens on Hyperliquid, valued at approximately $55.6 million. This follows a previous sale of 557,000 HYPE tokens worth $33.35 million last Thursday. The on-chain analyst EmberCN reports that loracle.hl has also requested redemption for an additional 700,000 HYPE tokens from the same address, indicating continued liquidation efforts.
loracle.hl Sells 892,500 HYPE Tokens Amid Ongoing Liquidation
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