Odaily Planet Daily reports, according to Onchain Lens monitoring, trader Loracle has opened a 5x leveraged short position on HYPE, currently valued at $11 million, with the position still increasing. He also holds a 5x leveraged long position on PAXG, with a current holding of 374.66 PAXG.
Trader Loracle opens a 5x leverage short position on HYPE worth $11M
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Summary
Trader Loracle has opened a 5x leveraged short position on HYPE as part of a broader position trading strategy. The current position is valued at $11 million and continues to grow. Loracle is also long PAXG with a 5x leveraged position of 374.66 PAXG. Position sizing remains a key factor in managing risk and exposure across both trades.
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