Giant whale Loracle has increased its short position in HYPE to $95.79 million.

CoinFeed reported on May 21 that, according to Lookonchain monitoring, whale loracle.hl (@loraclexyz) has suffered a floating loss of nearly $20 million on its short position in HYPE, but it is still adding to its position. Currently, it holds a short position of 1.71 million HYPE tokens ($95.79 million), with a liquidation price of $69.78.