The wallet also reduced most of its ZEC long position and expanded a HYPE short position valued at about $53.23 million using 5x leverage.
A crypto whale identified as Loracle.hl closed positions in TON, Bitcoin and CL for about $3.9 million in profit, according to the provided market update. The address also exited roughly 96% of its ZEC long position and increased its HYPE short to 1,239,834 tokens, valued at about $53.23 million, with 5x leverage (borrowing to amplify exposure). The update says cumulative profit is nearing $37 million, indicating sustained gains across multiple trades. Such activity is often watched closely because large traders can influence market sentiment and liquidity in specific tokens.