Loracle cuts HYPE short to $21 million, Hyperbot data shows

  • Loracle continued reducing its HYPE short position, leaving $21 million outstanding.
  • HYPE rose from $53.97 to $83.18, leaving the position down $7.45 million.
  • Loracle’s listed main shorts include SNDK, Nvidia, PONS, MU, CASHCAT and PLTR.

Loracle has continued reducing its HYPE short position (a bet on price declines), leaving a position worth $21 million, according to Hyperbot data. The HYPE short previously reached $37 million and now has a floating loss of $7.45 million, based on an entry price of $53.97 and a current price of $83.18. Loracle's main short positions have a combined net floating loss of about $9.54 million. They include shorts in SNDK, Nvidia, PONS, MU, CASHCAT and PLTR, with individual gains and losses ranging from a $2.51 million loss on SNDK to a $750,000 gain on CASHCAT.

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