「Hyperliquid Early Contributor Loracle」 Turns Gold Long Position from Loss to Profit, Now the Biggest Long Whale of on-chain PAXG

On February 10, data from the Coinbob Popular Address Monitor shows that “Hyperliquid Early Contributor Loracle” opened a long position in PAXG (Gold Mapping Contract) six days ago. After a short-term paper loss, the position has turned profitable as spot gold prices climbed. The average entry price for this position is $5,047, with a position size of roughly $46.5 million—currently the largest long position in on-chain PAXG assets. This address has recently used a continuous compounding hedging strategy. Beyond the PAXG long, it also holds a large HYPE position and a substantial BTC short. As of now, this whale holds Hyperliquid’s largest long positions in HYPE and PAXG, plus its largest BTC short. Total position size: $109 million; overall unrealized gain: nearly $10 million. Loracle (X: loraclexyz)—formerly Laurent Zeimes—is active in the Hyperliquid ecosystem, counted among its early contributors, and founder of Hypurrfun. Recently active in Hyperliquid’s contract market, Loracle bought the HYPE dip at an average $22 and has not closed the position.