Mystery Trader Loracle Dumps $33M in HYPE Into Hyperliquid — Then Deletes X Account!

A trader operating as loracle.hl on Hyperliquid, who had built a short position exceeding $113 million against the HYPE token, abruptly deposited 557,580 HYPE tokens — worth approximately $33.35 million — directly into the Hyperliquid protocol and began selling. The move is a striking reversal for a trader who had been aggressively positioned to profit from a HYPE price decline.

The short position is now reported to be down more than $30 million, suggesting the trade has moved sharply against loracle's thesis. What makes the episode stranger is that the trader appears to have deleted their X account shortly after the deposit was flagged by on-chain observers — raising immediate questions about intent, identity, and whether the position was part of a coordinated market manipulation attempt.

Hyperliquid, a decentralised perpetuals exchange, has faced scrutiny before over large…