Whale Loracle’s HYPE spot position shows an unrealized profit of approximately $12.7 million, still insufficient to offset losses from its short positions.
According to Hyperinsight monitoring, “Trader Loracle,” the former largest short seller of HYPE, has not sold any of the 893,000 HYPE tokens he received last week upon their spot unlock. As HYPE’s price rises, this batch of spot tokens has appreciated by 25% cumulatively, with a current value of approximately $63.5 million and an unrealized profit of roughly $12.7 million.
