BlockBeats News, February 25 — According to Coinbob’s popular address monitoring, due to today’s market rebound, “Hyperliquid early contributor Loracle” significantly reduced their HYPE long positions again last night and this morning. The position size has decreased from $26.1 million yesterday to $17.12 million, a decline of over 67% from the peak before February 21. As of press time, they are still actively closing positions to take profits. Currently, this address holds a 5x leveraged HYPE long position with an average entry price of $24.55, with an unrealized profit of approximately $1.96 million.
This position was established on January 12 at an average price of $22. It was gradually rolled over, with the position size once reaching $52 million. The peak unrealized profit exceeded $16 million, and it once became the largest on-chain HYPE long. Recently, by taking long positions on HYPE and PAXG (on-chain gold), they have achieved a monthly profit of $20.13 million.
Loracle (X: loraclexyz), formerly Laurent Zeimes, is active within the Hyperliquid ecosystem and is regarded as an early contributor. He is the founder of Hypurrfun and has recently been active in Hyperliquid’s contract markets.
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