Trader "Loracle" gold long positions have fallen below the average price, currently holding the largest long positions in on-chain HYPE, PAXG, and ZEC.

BlockBeats News, February 16 — According to Coinbob’s popular address monitoring, “Hyperliquid early contributor Loracle” established a PAXG (on-chain gold) long position before February 4. After the spot gold price fell below $5,000 per ounce today, their position has shifted from profit to loss. Currently, their average entry price is $5,047, with a position size of approximately $7.86 million, and an unrealized loss of $60,000 (-3.8%).

In addition to PAXG, this address also holds a significant long position in HYPE, recently placing an order near $28 to buy about 20,000 HYPE tokens to slightly increase their long holdings. Furthermore, they have been continuously adding to their ZEC long position recently, with the current total position reaching $8.5 million.

At present, Loracle is the largest long holder on the Hyperliquid platform for HYPE, PAXG, and ZEC, with a total account position of $63.2 million and an overall unrealized profit of $6.7 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 and has recently been active in Hyperliquid’s derivatives market.