Chain's Largest Gold Bull Closes PAXG Position at $4,865, Adds XYZ100 and COPPER

KuCoinFlash

Release Time: 01/22/2026 06:17:54

PAXG

$5,112.49-0.8%

Summary

On January 22, the "largest gold bull on-chain" on Hyperliquid closed its 5x leveraged PAXG long position at $4,865, securing a $675,000 profit. The position was opened at $4,415 with a total value of $7.3 million. After the closure, the address adjusted its position sizing by increasing exposure to XYZ100 and COPPER. The XYZ100 position, a 10x leveraged Nasdaq 100 index mapping contract, rose to $20.56 million from $14.8 million, with a $36,000 floating loss at an average price of $25,443. The COPPER position, a 10x leveraged copper futures mapping contract, increased to $11.6 million from $5.84 million, with a $176,000 floating loss at $5.895. The address holds over $50 million in total assets and is one of the largest on-chain holders of PAXG and COPPER, with a total position size of $38.8 million. It also holds small amounts of U.S. stock tokens.

BlockBeats News, January 22, according to... Coinbob Popular Address Monitoring Affected by the drop in gold prices per ounce overnight, which briefly fell below $4,800, the "largest on-chain long position in gold" whale on Hyperliquid has completely closed its 5x leveraged PAXG long position. This trade generated a total profit of $675,000. The previous position size was approximately $7.3 million, with an average entry price of $4,415. After closing the position, the address added funds to increase its long positions in XYZ100 and COPPER. The current position details are as follows:

A long position in XYZ100 (Nasdaq 100 index futures contract) with 10x leverage has increased from $14.8 million to $20.56 million, currently holding a floating loss of $36,000, with an average entry price of $25,443.

Long position in 10x leveraged COPPER (copper futures-mapped contract) with a position size increased from $5.84 million yesterday to $11.6 million today, resulting in a floating loss of $176,000, with an average price of $5.895.

This address has a total account value exceeding $5 million and is currently focused on trading U.S. equity tokens and on-chain precious metals. It is currently one of the largest holders of on-chain PAXG and COPPER, with a total holding value of $38.8 million. It also holds a small amount of U.S. equity tokens.

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