A trader called loracle.hl turned $42.2 million in perpetual-futures profit into a $5.19 million loss shorting Hyperliquid's HYPE token.

A trader called loracle.hl turned $42.2 million in perpetual-futures profit into a $5.19 million loss shorting Hyperliquid's HYPE token.

The whale is now backing Arthur Hayes’ favored HYPE, ZEC and NEAR plays, signaling a sharp pivot toward momentum-led crypto bets.