Driven by the breakout of spot gold above $5600, the "Heavy Long Position in Precious Metals" whale's PAXG long position is now in a 200% unrealized gain.

On January 29, data from the Coinbob Popular Address Monitor shows that as gold prices continue to strengthen—breaking above $5,600 per ounce to hit a new all-time high today—whales on Hyperliquid holding long positions in PAXG (on-chain gold) have racked up substantial unrealized gains. Among them, the “Precious Metals Heavy Position” whale (address 0x271) currently holds long positions in PAXG and GOLD (a gold mapping contract) totaling approximately $5.5 million, making it the largest holder of on-chain gold-related long positions. The address significantly added to its SILVER (silver mapping contract) long position yesterday and continued to notch meaningful profits today. Key position details follow: - **PAXG (on-chain gold) Long**: ~$3.62M size, avg entry $4,429, unrealized gain ~$740k (200%); - **SILVER (silver mapping contract) Long**: ~$2.35M size, avg entry $111, unrealized gain ~$130k (22%); - **GOLD (gold mapping contract) Long**: ~$1.94M size, avg entry $4,799, unrealized gain ~$260k (61%); This account favors heavy gold/silver positions, with total funds growing from ~$1M to $2.6M now. The trend reflects strong bullishness toward precious metals and a trading style leaning toward mid-term holding.