HYPE’s Biggest Short Seller, Loracle, Unlocks $50.8 Million in Spot Today: Will It Dump, or Is It Forced to Cover Its Shorts?

The biggest short-seller of HYPE, “Trader Loracle,” will unlock 893,000 HYPE tokens—worth approximately $50.8 million—from its staked holdings in the next 7 hours. This represents the largest single unlock by this whale recently. Its total staked balance stands at roughly 2,009,000 HYPE, valued at approximately $120 million. Over the past month, this whale has already unlocked HYPE twice, totaling 1,115,000 tokens (valued at ~$63.51 million). According to traceable on-chain records, it sold 557,000 HYPE—worth approximately $33.35 million—on May 21, the same day HYPE first broke its all-time high.