HYPE Short Holder Loracle Transfers 892.5K HYPE to Hyperliquid, Requests Redemption of 700K More on May 29

GateNews
HYPE9.76%
According to BlockBeats, on May 29, the largest HYPE short holder loracle.hl redeemed 892.5K HYPE (approximately $55.6 million) and transferred it to Hyperliquid two hours prior, likely preparing for further sales. The address has also applied to redeem an additional 700K HYPE, according to on-chain analyst monitoring. This follows the trader's sale of 557K HYPE last Thursday.
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