The spot gold price has rebounded to $5100, and the "Largest Long Position of On-Chain Gold PAXG" has increased its unrealized gains and placed a long order up to $8850.

BlockBeats News, January 26th, according to Hyperinsight monitoring data, influenced by the continuous strengthening of the gold price and a rebound to $5100 per ounce early this morning, whales on Hyperliquid who went long on PAXG (gold on-chain) generally achieved considerable unrealized gains.

Among them, the "largest long position of on-chain gold PAXG" whale (0xfd6) saw the unrealized gain of their 5x leveraged PAXG long position expand to $710,000, with a return of approximately 96%. The current position size is around $3.71 million, with an average price of $4126.

This whale had already placed a take-profit order as early as November 1st of last year, with a bullish target of $8850. The long position was opened on October 22nd of last year, and the account currently holds only the on-chain gold token PAXG.