Hypurrfun Founder Adds to HYPE Long Position, Realizing $16.1M in Floating Profits

KuCoinFlash

Release Time: 02/03/2026 02:30:50

HYPE

$37.549-0.54%

Summary

Hypurrfun founder Loracle increased his long position in HYPE, building on gains highlighted by on-chain data showing a $16.1M increase in floating profits. The leveraged trade, opened on January 12 at $22, now yields a 154% return as HYPE's price has risen. Loracle's account balance has surged from $13M to $35.69M. Altcoins like HYPE are attracting attention as traders monitor sharp price movements and changes in positions.

BlockBeats News, on February 3rd, according to... Coinbob Popular Address Monitoring It was revealed that Hypurrfun founder Loracle (X: loraclxxyz) has significantly increased their long position in HYPE with 5x leverage today. This long position was initially opened on January 12th at an average price of $22. With the recent significant price surge in HYPE, this position has now generated substantial unrealized gains. Loracle is currently the largest whale holding HYPE on-chain.

Compared to last week, the long position of HYPE at this address increased from $39.55 million to $52.22 million, with the average purchase price rising from $22.36 to $24.30. The floating profit reached $16.1 million, achieving a return rate of 154%. The account balance has grown from approximately $13 million to about $35.69 million, doubling in value.

Hypurrfun's founder, Loracle, whose real name is Laurent Zeimes. He is active in the Hyperliquid ecosystem and is considered one of the early contributors. Recently active in the Hyperliquid derivatives market, he previously went long on ZEC in December.

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