Loracle partially closed its HYPE short position and sold spot holdings, realizing a loss of $3.92 million. The trader still holds a short position of 191,940 HYPE worth $15.33 million, with an unrealized loss of $4.97 million. Loracle’s losses over the past 30 days have reached $16.41 million, while cumulative losses stand at $28.58 million.