What a crazy week in SG with all the Hyperliquid homies.
Met many new friends here. Grabbed tons of fire merch and hybubus.
Probably don't have to buy new tshirts for years.
Can't tag everyone here but I definitely had a good time with you all.
See yall next time!
#TOKEN2049
People coping that “Loracle is just hedging and his spot covered everything” is actually wild.
Idgaf how rich he is. He roundtripped more than half a year of perp profits on this one short.
He was one of the goated traders on Hyperliquid and the best $HYPE signal for a long time. But he overtraded. He once tweeted that he thinks Hyperliquid is still bullish in long term but other altcoins are going to out perform HYPE, that's why he shorted HYPE in the first place.
He could've taken the L, accept that his theory was wrong and closed his short when several bullish signals came in, HIP-4 launch, Circle USDC partnership boosting buybacks, massive CBRS pre-IPO volume, spot ETF huge daily inflows, CFTC perp approval validation etc. But the reality is his ego took over and he refused to accept it.
Loracle’s short getting cooked with -$5.2M unrealized PnL as $HYPE rips +18% in 24h and breaks out to 46.
Sorry Loracle but looks like you're wrong on $HYPE this time.
Hyperliquid to $100 next
Genuinely insane how this Brick's & Minifigs case escalated from a small claims dispute all the way to potential state police dept level corruption involving the Mormon Church in Utah.
"When you have enough power, you can do whatever you want and you're never on the wrong side."
Loracle started closing his HYPE shorts again after his 895k $HYPE unstaked 3hrs ago. He now holds 897,287 HYPE in spot + 705,317 HYPE still staked (~$97.2M long).
His $109M notional short sits at a $27.6M loss and he only needs to close ~$11.8M more to stay net long.
Introducing: https://t.co/WaFSSsVwBa
A real-time analytics dashboard for tracking the performance and dominance of Hyperliquid.
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https://t.co/WaFSSsVwBa is a public good for the Hyperliquid community. Built to make the underlying of Hyperliquid easy to understand, and its growth simple to share.
Hyperliquid.
@alex_hunter20 I called it earlier.
imo I don’t really buy the “secret wallet” theory. If there was such a big secret cluster @mlmabc wouldve already found it.
https://t.co/qVY81qxb6g