「Hyperliquid Early Contributor Loracle」 Turns Gold Long Position from Loss to Profit, Now the Biggest Long Whale of on-chain PAXG

BlockBeats News, February 10th, according to Coinbob Popular Address Monitor data, the "Hyperliquid Early Contributor Loracle" established a long position in PAXG (Gold Mapping Contract) 6 days ago. After experiencing a short-term paper loss, it has turned into a profit following the rise in spot gold prices. The average holding price of this position is $5047, with a scale of approximately $46.5 million, currently the largest long position of on-chain PAXG assets.

This address has recently been using a continuous compound hedging strategy. In addition to the PAXG long position, it also holds a large position in HYPE and has taken a substantial short position on BTC. Currently, this whale holds the largest long positions in HYPE and PAXG and the largest short position in BTC on the Hyperliquid platform, with a total position size of $109 million and an overall unrealized gain of nearly $10 million.

Loracle (X: loraclexyz), originally named Laurent Zeimes, is active in the Hyperliquid ecosystem and is considered one of the early contributors, also the founder of Hypurrfun. Loracle has recently been active in the Hyperliquid contract market, buying the dip in HYPE at an average price of $22 and has not yet closed the position.