Loracle unstakes 894,000 HYPE again and continues to reduce its holdings
According to Odaily, based on MLM monitoring, Loracle has once again unstaked 894,000 HYPE tokens (approximately $55.4 million), reducing its currently staked HYPE to about 700,000 tokens (around $43.4 million). Previously, Loracle had already completed the unstaking of 558,000 HYPE tokens (about $34.6 million).
Data shows that Loracle is also continuously selling its spot holdings, currently still holding approximately 396,000 HYPE tokens (around $24.5 million), while maintaining a short position of about 1.83 million HYPE tokens (approximately $113.5 million). Overall, Loracle's current short exposure already covers about 92% of its spot holdings. The market is keeping a close watch on Loracle's continued unstaking and strengthened hedging activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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