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Loracle Closes $46M+ HYPE Short Position on June 2, Exits Losing Trade

2026-06-02 04:33:34

HYPE0.19%

According to BlockBeats, trader and institution Loracle has fully closed its HYPE short position on June 2, with cumulative losses exceeding $46 million, according to OnchainLens monitoring.

HYPE has recently reached new all-time highs and continued to rise against broader market trends, forcing multiple high-leverage short traders to face significant losses and exit their positions.

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