Loracle's $2M Oil Trade: Crypto Meets Traditional Markets
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Loracle, a crypto trader, capitalizes on U.S.-Iran ceasefire news, shorting five million dollars in crude oil perpetual futures on Hyperliquid. The move yields a two million dollar profit, boosting Loracles crypto wallet to over eight million dollars. This event mirrors the memecoin boom of 2020-2021, as Hyperliquid becomes a hotspot for crypto traders betting on traditional assets, particularly during weekends when traditional markets are closed.
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