According to Onchain Lens, trader Loracle closed a HYPE short position with a loss of more than $46 million. Separate reporting said Loracle then opened an 82,195 HYPE long worth $5.7 million using 2x leverage and added to a 10x leveraged NEAR long, while a later update listed active positions including 10x long ZEC, 5x longs in TON, ASTER, and XMR, and a 5x short in TSLA. At the same time, wallet 0x082e reportedly held a 5x leveraged long on 1.38 million HYPE valued around $99.77 million that swung from an early drawdown to roughly $46 million in unrealized profit. Another whale, 0x97f, opened a 270,000 HYPE short valued at $18.77 million using 10x leverage and was reported to be up more than $1 million on paper. Together, the positions highlight large, opposing leveraged bets around HYPE and related markets.