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The whale that bought the dip in gold yesterday has already achieved a 50% unrealized profit and is now the second-largest on-chain PAXG long position.
BlockBeats News, February 4th, according to Hyperinsight monitoring, during yesterday’s continuous rise in gold prices, a whale starting with 0x7c9 entered the market with an average price of $4839. Influenced by today’s spot gold price rising to $5050 per ounce, this address has an unrealized profit of $150,000 (+49%), with a current position size of approximately $3.1 million. The liquidation price is $3140, and it is currently the second-largest long whale holding PAXG on Hyperliquid.