BlockBeats report, February 27: According to Coinbob's Popular Address Monitoring, after six consecutive days of gradual position reductions, "Hyperliquid early contributor Loracle" has fully closed their HYPE long position, realizing a total profit of approximately $5.09 million.
This position was established on January 12 at an average entry price of $22. During the holding period, its size peaked at $52 million, with the average price rising to $24.55, generating a maximum unrealized profit of over $16 million and making it the largest long position on-chain for HYPE. After the HYPE price fell below $30, this address began consistently taking profits through frequent, small-sized sell orders, gradually securing gains.
After liquidating HYPE, this whale opened a 1x leveraged long position in NVDA (NVIDIA mapped contract) this morning, establishing a base position of approximately $4 million at an average price of $185.40. Meanwhile, it continues to hold a long position in PAXG (on-chain gold) with a position size of approximately $8.2 million, held at 5x leverage, currently realizing a paper profit of $240,000, making it the largest long holder of PAXG on-chain.
Loracle (X: loraclexyz), formerly known as Laurent Zeimes, is active in the Hyperliquid ecosystem and regarded as one of its early contributors; he is the founder of Hypurrfun and has recently been active in the Hyperliquid futures market.