BlockBeats News, May 21st, according to Hyperinsight monitoring, HYPE showed a strong uptrend this morning, once reaching above the $57 mark. The largest on-chain HYPE short holder, known as the trader "Loracle," saw his unrealized losses expand to $20.1 million. Currently, he is shorting 1.711 million HYPE with 5x leverage, with a position size of $96 million.

Facing the continued pressure in the market, the whale chose to add to his short position against the trend last night and this morning. As of the time of writing, he has accumulated an additional 268,000 HYPE shorts (valued at approximately $15.27 million), with the average price increasing from $42.55 to $44.3, with a liquidation price of $69.7.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae