HYPE whale Loracle.hl receives 556,800 HYPE, opens $32M leveraged short

On-chain data indicates that HYPE whale address Loracle.hl received 556,800 HYPE, valued at about $22 million, and has started selling. The wallet has also opened a 5x leveraged HYPE short position with a notional value of more than $32 million, according to Onchain Lens.