"Hyperliquid Early Contributor Loracle" turns a loss into a profit with a gold long position, now the largest PAXG whale on the chain.

On February 10, according to Coinbob Hot Address Monitoring, “Hyperliquid Early Contributor Loracle” established a PAXG (Gold Mapping Contract) long position 6 days ago. After experiencing short-term unrealized losses, the position turned profitable as the spot gold price rose. The average entry price of this position is $5,047, with a scale of approximately $46.5 million, making it the largest on-chain PAXG long position currently. The address has recently been employing a complex hedging strategy. In addition to the PAXG long position, it also holds a large HYPE long position and has a significant short position on BTC. Currently, this whale ranks as the largest long on HYPE and PAXG and the largest short on BTC on the Hyperliquid platform, with a total position size of $109 million and an overall unrealized profit of nearly $10 million. Loracle (X: loraclexyz), formerly Laurent Zeimes, is active within the Hyperliquid ecosystem and is regarded as one of the early contributors. He is the founder of Hypurrfun. Recently, he has been actively bottom-fishing in the Hyperliquid futures market with an average price of $22 on HYPE, and has not yet closed the position.