On-chain gold whale takes profit of $330,000, Hyperliquid PAXG long positions continue to harvest gains

OnChainDetective · 2026-01-21T04:48:11+00:00

Gold prices hit a new all-time high of $4,890, leading to significant profits for the whales long on PAXG on Hyperliquid. One of the largest longs made a profit of $330,000 by closing a 5x leveraged long position, while still maintaining a $3.58 million position. At the same time, the whale is also diversifying into other assets, indicating an interest in multiple markets.

OnChainDetective

2026-01-21 04:48:11

Abstract generation in progress

[Blockchain Rhythm] Gold prices have been soaring recently, breaking the all-time high of $4,890 per ounce today. This rally has made many whales trading PAXG (on-chain gold) on Hyperliquid extremely profitable.

Among them, the “largest on-chain gold bull” has recently closed a PAXG long position with 5x leverage within a few hours, earning a solid $330,000. However, this whale’s moves are quite shrewd — closing the position only took some unrealized gains, without fully exiting.

After taking profits, the PAXG long position of this address shrank from $7.3 million to $3.58 million. Although the position size decreased, at an average price of $4,415, it still has an unrealized profit of $350,000, with a return of 36%. A steady and profitable operation. This address still firmly holds the position as the largest on-chain PAXG long.

In addition to PAXG, this whale has also heavily invested in other assets: a 10x leveraged XYZ100 (Nasdaq 100 mapping contract) position worth $14.8 million, currently with an unrealized loss of $290,000; a 10x leveraged COPPER (copper futures mapping contract) position worth $5.84 million, with a loss of $46,000. It seems this whale is not only eyeing gold but also has strong interest in commodities and stock indices.

PAXG2,94%

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ser_ngmi

· 7h ago

This whale is really ruthless, easily scooped up $330,000, and importantly, didn't be greedy and fully sold off... This is the mindset of a top-tier player.

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PessimisticLayer

· 7h ago

This whale is really cunning. They got $330,000 and didn't run, just betting on the gold price to keep soaring.

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ChainBrain

· 7h ago

This guy is really ruthless, easily taking away $330,000, and still holding on tightly without letting go. He's a true whale.

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PseudoIntellectual

· 7h ago

This guy really knows how to play; taking a profit of 330,000 and still continuing to earn 36% passively. Why don't I have the guts to do that?

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PhantomMiner

· 8h ago

This guy is really bold. He settled for $330,000 instantly and still managed to keep the 7.3 million position steady to continue betting. His guts are unmatched.

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ZenZKPlayer

· 8h ago

$330,000 just like that, this technique is really clever. Half-position exit to keep eating more, I was wondering why it hasn't crashed yet.

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