Whale Loracle increased its short position in HYPE to 1.44 million contracts, incurring a paper loss of approximately $8 million.

CoinFeed reported on May 19 that, according to Onchain Lens monitoring, whale Loracle.hl (@loraclexyz) further increased its 5x short position in HYPE to 1.44 million HYPE tokens, worth $69.3 million. The liquidation price was $69.64, resulting in a floating loss of approximately $8 million.