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Whale sells $36M in HYPE to support $103M short as token nears record high.

Market News
22 May 2026
Bitcoin
View Source
Neutral
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A large trader named Loracle sold 616,675 Hyperliquid (HYPE) tokens worth $36.76 million to add margin and defend a $103.7 million short position on the token. This move aims to delay liquidation risk as HYPE trades near its all-time high of around $63, with the liquidation price at $69.90. The rally is fueled by $58.73 million inflows into Bitwise's HYPE ETF and significant institutional buying, including venture firm a16z. If HYPE hits $69.90, Loracle's short will be forcibly closed, highlighting growing squeeze risk amid strong buying pressure.

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