loracle.hl(@loraclexyz), who lost over $35M from shorting $110M+ worth of $HYPE, is now closing his $HYPE short and flipping long on $ASTER!
He has already closed part of his $HYPE short and still holds 1.5M $HYPE($103.1M) short.
At the same time, he is adding to his longs on $ASTER, $ZEC, and $TON.
Because of his $HYPE short, he has lost all the $42M+ he previously made on perps.
In less than 20 days, he went from $42.2M in profit to being down $829K.
https://t.co/WeKJaoP4z5
@reisnertobias@lookonchain@loraclexyz it's the hyperliquid paradox
users come to hyperliquid to trade, but 90% would have made more money by not trading and simply owning hype
after the ad that is, ofcourse
Hantavirus story so far is looking like a dream Plague Inc run start
We just need one mf to head over to Mauritius, then we activate Air 1 and we’re cooking
@dinosaurteef@DefiIgnas how dare you call me negligent? all i did was liquid stake my eth, then restake my liquid staked eth, and then loop it 10x after i saw a 'just use aave' ad.
@safetyth1rd otoh, build the perfect bridge and get no traction because decentralisation is expensive and the market doesn't care.
a case of:
do you want to be right
or
do you want to make money
you can build beautiful protocols that adhere to the ethos we’re all here for, but get no traction because they get smashed on the rocks of economics.
or take a step back and allow deployers to cut corners and hope they'll move up the spectrum of decentralisation once it becomes economically feasible