POPA ReconInteresting trader from HL — HYPE Believer.
Interesting trader from HL — HYPE Believer. Loracle now has the largest single position on HL — SHORT 1.8M HYPE | $104M. 2nd and 3rd places — 2 ETH LONGs (40K ETH | $84.5M each). 4th place — this bro. —— → Sept 18, HYPE hits ATH at 59. → Oct 9 (right before the crash) HYPE at 44 — he starts buying. → Oct 10 (flash crash) HYPE 32 — keeps buying. → Oct 11-16 HYPE ~37 — continues buying. As a result, formed LONG 1.38M HYPE at avg price 38 ($52M). Then a 3-month drop to 20 (-47%). Loss of $26M. No panic. Adds USDC to avoid liquidation. Holds. Now this position is worth $80M, still 1.38M HYP…
The excerpt is quoted from a public Telegram channel, which owns its text.