š Big Whale Move Alert!
A major whale, Loracle, just made some bold adjustments across altcoins:
ā¢ Reduced its short position on HYPE by $16 million
ā¢ Now holds 1.3 million HYPE (worth ~$89M) ā still sitting on a $30M+ paper loss
At the same time, it increased long positions in:
ā¢ $ZEC
ā¢ $TON
ā¢ $ASTER
Total added exposure: ~$6.5 million
HYPE itself is on a tear ā up over 70% in the last 30 days, currently trading around $68.3. Strong institutional demand is fueling it, with Hyperliquid ETFs seeing massive inflows ($136M over 13 days, including a record $29.6M yesterday).
Is Loracle smart to cut losses on HYPE and rotate into other alts, or still early?
What do you think, bullish on HYPE or eyeing ZEC/TON/ASTER instead? š
#hype #ZECUSDT #Toncoin #CryptoWhale
