šØ REKT ALERT: One trader just lost $650M+ on $HYPE
Famous Hyperliquid degen "Loracle" is getting absolutely demolished:
ā¢ June: Shorted ā -$500M loss
ā¢ Flipped long ā -$25M
ā¢ Shorted again ā -$128M unrealized
Total damage: $650M+
Doesn't matter if he's long or short ā market keeps fading him. This is what happens when you fight the trend with size.
Lesson: Position sizing > conviction. RIP.
Famous Hyperliquid degen "Loracle" is getting absolutely demolished:
ā¢ June: Shorted ā -$500M loss
ā¢ Flipped long ā -$25M
ā¢ Shorted again ā -$128M unrealized
Total damage: $650M+
Doesn't matter if he's long or short ā market keeps fading him. This is what happens when you fight the trend with size.
Lesson: Position sizing > conviction. RIP.