The prominent bear HYPE Oracle has transferred $64 million worth of spot assets to Hyperliquid, along with a short position stop-loss.

June 1 (per Hyperinsight monitoring): The HYPE short-position whale “Loracle” has been trimming his HYPE short exposure over recent hours, as HYPE’s price surged past $70. As of press time, his 5x-leveraged short position has shrunk from $102 million to $60.94 million, with current losses totaling $22.58 million—representing a 74% decline. Over the weekend, Loracle transferred 893,000 HYPE on-chain to Hyperliquid. Thanks to the price jump, the value of this spot holding has climbed from $54.5 million to $64 million, and he hasn’t sold any of these tokens yet. In the past month, this whale has had two token unlocks, adding up to 1.115 million HYPE (valued at roughly $63.51 million). Traceable on-chain records confirm that on May 21—the day HYPE hit its previous all-time high—he sold 557,000 HYPE, worth approximately $33.35 million at the time. Contract Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae On-chain Staking Address: 0xE44bd27c9F10fa2F89fdb3ab4B4F0E460da29EA8