After reaching a peak, BERA's price dropped by 30%. Trader "Loracle" accurately shorted at the top and has now taken profit.

February 12th — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), BERA’s price briefly spiked to $1.36 early this morning before plummeting more than 35% within 15 minutes to a low of $0.88. Trader Loracle (X: @loraclexyz) — an early Hyperliquid contributor, founder of Hypurrfun, and alias for Laurent Zeimes — gradually built up a short position in the $1 to $1.33 range during the move, topping out at a $3.8 million position. He closed out the full position for profit when BERA dropped to ~$0.9, netting $630,000 total (nearly a 50% return) over just 4 hours. Loracle has recently deployed a compound hedging strategy: holding a large HYPE long position while taking a significant short on BTC. Currently, he is Hyperliquid’s largest HYPE and PAXG long holder, plus its top BTC short holder, with a total position of $107 million and nearly $11 million in unrealized profits. He also recently bought the HYPE dip at an average $22 and hasn’t closed that position yet.