Giant whale Loracle.h opened a new long position in LIT with 3x leverage, while its short position in HYPE suffered a floating loss of over $7 million.

CoinFeed reported on May 20th that, according to Onchain Lens monitoring, whale Loracle.hl has begun opening a 3x long position in LIT, currently valued at approximately $1 million and still increasing. It also holds a 5x short position in HYPE, with unrealized losses exceeding $7 million.