"Loracle" recently shorted HYPE precisely at $37, and today HYPE has rebounded to $40, showing significant unrealized gains.

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HYPE6,64%

BlockBeats News, March 25 — According to Coinbob’s popular address monitoring, influenced by today’s HYPE reclaiming the $40 level, “Hyperliquid early contributor Loracle” holding long positions in HYPE has seen significant unrealized gains, currently totaling $1.4 million. The position size is approximately $22.3 million, with an average entry price of $37.6.

In the past two days, this whale has continued to buy after HYPE’s price fell below $38, with a low point near $36.8. Its average price has decreased accordingly, and it still has about $1.8 million in buy orders around the $36 price range.

This long position was opened on March 10 with a chase buy, initially about $2.4 million at an average price of $34.5, and has been rolled over to its current size.

Loracle (X: loraclexyz), formerly Laurent Zeimes, previously bought the dip in HYPE on January 12 at an average price of $22, with a peak position of $52 million.

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