The top on-chain HYPE long whale "Loracle" liquidated a HYPE position for a profit of 5.09 million, and has now switched to a 4 million long position in NVIDIA.

BlockBeats News, February 27th, according to Coinbob Popular Address Monitoring, after six consecutive days of phased reduction, the "Hyperliquid early contributor Loracle" has closed all its HYPE long positions, realizing a total profit of approximately $5.09 million.

This position was established on January 12th at an average opening price of $22. During the holding period, its peak size reached $52 million, the average price rose to $24.55, the maximum floating profit exceeded $16 million, and it once became the largest long position on-chain for HYPE. Subsequently, after the HYPE price dropped below $30, the address began to take profit continuously in a high-frequency, small order manner, gradually exiting the position.

After liquidating the HYPE, this whale opened a leveraged long position in NVDA (Nvidia perpetual contract) with 1x leverage this morning, establishing a base position of approximately $4 million at an average price of $185.4. At the same time, it still holds a long position in PAXG (on-chain gold) with a position size of approximately $8.2 million, using 5x leverage for a long-term hold, currently floating profit of $240,000, now the largest long position on-chain for PAXG.

Loracle (X: loraclexyz), originally named Laurent Zeimes. He is active in the Hyperliquid ecosystem, considered one of the early contributors, the founder of Hypurrfun, and recently active in the Hyperliquid contract market.