Woofun AI reports that Hyperliquid trader Loracle established a new trading strategy involving a long position in SKHX and a simultaneous short on crude oil. This move follows a previous $46.46 million loss incurred from shorting HYPE. The current position's performance has fluctuated significantly, peaking at $42.87 million in profit before dropping to a $17.27 million loss, and is now showing an overall gain of $2.06 million.