Trader "Loracle" Gold Long Position Liquidated Below Average Price, Currently Simultaneously the Largest Long on-chain for HYPE, PAXG, ZEC

BlockBeats News, February 16th, according to Coinbob Popular Address Monitoring, "Hyperliquid Early Contributor Loracle" established a PAXG (Gold on the Chain) long position before February 4th. Following today's spot gold price per ounce dropping below $5000, the position has changed from profit to loss. The current average holding price is $5047, with a position size of approximately $7.86 million, facing an unrealized loss of $60,000 (-3.8%).

In addition to PAXG, the address also holds a significant position in HYPE, planning to buy about 20,000 HYPE near $28 with a limit order to slightly increase its long position. Furthermore, it has been consistently adding to its ZEC long position recently, with the current holding size reaching $8.5 million.

Currently, Loracle is the largest long position holder in HYPE, PAXG, and ZEC on the Hyperliquid platform, with a total account holding size of $63.2 million and an overall unrealized profit of $6.7 million.

Loracle (X: loraclexyz), originally named Laurent Zeimes, is known for being active in the Hyperliquid ecosystem as an early contributor and the founder of Hypurrfun. Recently, Loracle has been active in the Hyperliquid contract market.