Trader Dumps Millions in HYPE to Defend Massive Short Position

The post Trader Dumps Millions in HYPE to Defend Massive Short Position appeared first on Coinpedia Fintech News A trader identified as loracle.hl deposited more than 616,000 Hyperliquid tokens worth about $36.7 million into Hyperliquid and quickly sold most of them to support a massive short position. The trader still holds a 1.8 million HYPE short valued at over $100 million, though unrealized losses have reportedly narrowed to around $22 million after recent …