Hypurrfun Founder Goes All-In on Leveraged Long, On-Chain HYPE at All-Time High, Unrealized Gains Reach $16.1M

BlockBeats News, February 3rd, according to Coinbob Popular Address Monitor, Hypurrfun founder Loracle (X: loraclexyz) significantly increased his 5x leveraged HYPE long position today. This long position was opened on January 12th at an average price of $22 to catch the bottom. With the recent sharp increase in the HYPE price, his position is now showing significant unrealized gains. Currently the largest on-chain HYPE bull whale.

Compared to last week, the holdings of this address's HYPE long position have increased from $39.55 million to $52.22 million, with the average price rising from $22.36 to $24.3, resulting in unrealized gains of $16.1 million and a 154% return. Their account funds have grown from around $13 million to around $35.69 million, achieving a doubling.

Hypurrfun founder Loracle, real name Laurent Zeimes. He is active in the Hyperliquid ecosystem and is considered one of the early contributors. Recently active in the Hyperliquid contract market, and previously bottomed out on ZEC in December.