ME News reports that, as of May 6 (UTC+8), according to Hyperinsight monitoring, TON surged again above the $2 mark this morning, rising 55% since two days ago. Amid the strong market momentum, renowned trader Loracle on Hyperliquid entered a long position this morning with 5x leverage, amounting to $3.2 million. The current unrealized profit has reached $180,000 (27%), with an average entry price of $1.989, making this the largest long position on TON on the platform. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae (Source: BlockBeats)
TON Surges 55% as Trader Loracle Buys $3.2M with 5x Leverage
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Summary
Leverage trading pushed TON’s price up 55% to above $2 on May 6 (UTC+8), according to Hyperinsight. On Hyperliquid, trader Loracle opened a $3.2 million long position with 5x leverage, generating $180,000 in unrealized gains (27%). Entered at $1.989, this is the largest TON long position on the platform. The trade demonstrates a strong risk-to-reward profile, with leverage amplifying both potential profits and exposure.
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