This trader has been shorting HYPE since May, and the scoreboard has swung from nearly $37M in profit to over $31M in losses and back again, now he's rebuilding the position from scratch.
@loraclexyz just added another 8.73K $HYPE (~$486K) short at $55.71. Current position sits at 546.72K HYPE (~$30.44M), entry at $52.90, sitting on a $1.52M unrealized loss with liquidation at $82.28. Over just the past 7 days, this wallet has lost roughly $2.27M and kept adding anyway.
What makes this worth watching, this same trader once held a short over three times this size, 1.71M HYPE worth $95.79M, and lived through both massive profit and massive drawdown swings on that exact same thesis. Rebuilding smaller after that kind of history suggests conviction hasn't broken, just position sizing discipline.
Fading HYPE alongside someone with this track record, or staying away from a trade that's already burned this much capital? Drop your take, and follow, I follow back fast.
#HYPE #Hyperliquid #Whale #SollyCrypto
@loraclexyz just added another 8.73K $HYPE (~$486K) short at $55.71. Current position sits at 546.72K HYPE (~$30.44M), entry at $52.90, sitting on a $1.52M unrealized loss with liquidation at $82.28. Over just the past 7 days, this wallet has lost roughly $2.27M and kept adding anyway.
What makes this worth watching, this same trader once held a short over three times this size, 1.71M HYPE worth $95.79M, and lived through both massive profit and massive drawdown swings on that exact same thesis. Rebuilding smaller after that kind of history suggests conviction hasn't broken, just position sizing discipline.
Fading HYPE alongside someone with this track record, or staying away from a trade that's already burned this much capital? Drop your take, and follow, I follow back fast.
#HYPE #Hyperliquid #Whale #SollyCrypto