Hypurrfun's founder significantly increases their position, becoming the largest on-chain HYPE bullish holder, with unrealized gains reaching $16.1 million.

BlockBeats News, February 3rd, according to Coinbob’s hot address monitoring, Hypurrfun founder Loracle (X: loraclexyz) significantly increased his 5x leveraged HYPE long position today. This long position was opened on January 12th, with an average entry price of $22 to bottom out. As HYPE’s price has surged recently, his position has now realized substantial unrealized gains. He is currently the largest on-chain HYPE whale with a long position.

Compared to last week, this address’s HYPE long position has increased from $39.55 million to $52.22 million, with an average price rising from $22.36 to $24.3. The unrealized profit has reached $16.1 million, with a return of 154%. His account funds have grown from approximately $13 million to about $35.69 million, doubling in size.

Hypurrfun founder Loracle, whose real name is Laurent Zeimes, is active within the Hyperliquid ecosystem and is considered one of the early contributors. Recently, he has been active in Hyperliquid’s contract market on Polymarket and previously bottomed out by going long on ZEC in December.