Hyperliquid bear turns bullish after losing over $46M shorting HYPE

The whale is now backing Arthur Hayes’ favored HYPE, ZEC and NEAR plays, signaling a sharp pivot toward momentum-led crypto bets.

A crypto whale who stubbornly held his HYPE short through May’s rally has finally been punished as Hyperliquid’s token kept climbing.

Key takeaways:

On Tuesday, the trader known as “loracle.hl” finally closed his HYPE short, locking in a $46.46 million loss, according to data resource HyperBot.

Read more