According to Onchain Lens, wallet "Loracle.hl" received 55.68 million HYPE, began selling the token, and increased a 5x leveraged short to over $32 million, underscoring whale-driven bearish pressure and liquidation risk.
According to Onchain Lens, wallet "Loracle.hl" received 55.68 million HYPE worth about $22 million, then began selling the token while increasing a 5x leveraged short position to more than $32 million. The activity indicates a large bearish bet that combines spot selling with leveraged downside exposure. An older, separate report had also highlighted other whale shorts, including an 80,000 BRENTOIL short on HyperLiquid with 3x leverage and a 20x leveraged short on 14,512 ETH valued at $32.69 million with a liquidation price of $2,766.42, but those were distinct trades rather than the same event.