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Loracle Closes HYPE Short Position With More Than $46 Million Loss

Loracle Closes HYPE Short Position With More Than $46 Million Loss

According to Onchain Lens, Loracle closed a HYPE short with losses above $46 million while whale 0x082e held a large 5x HYPE long showing $46 million in unrealized profit and other leveraged bets remained active.

TON
NEAR
XMR

Fact Check
Multiple independent sources confirm both elements. The Onchain Lens X post explicitly states Loracle fully exited the HYPE short with $46M+ loss, corroborated by Odaily and PANews reporting on the same event dated 2026-06-02. The 0x082e whale's 5x HYPE long with ~$46M unrealized profit is corroborated by Phemex (citing Lookonchain) and a Crypto Crib X post matching the position size (1.38M HYPE) and gain figure ($46M+).
Summary

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.

Terms & Concepts
  • HYPE: The crypto asset at the center of the reported whale activity, including large leveraged long and short positions.
  • unrealized profit: A paper gain on an open position that has not been realized through closing the trade.
  • leverage: Borrowed or amplified market exposure used to increase position size, magnifying both potential gains and losses.