BlockBeats News, February 24 — According to Coinbob’s popular address monitoring, “Hyperliquid early contributor Loracle” began reducing their long positions for the first time when the HYPE price retook the $30 level on February 21. As of now, their holdings have decreased from approximately $46.2 million to $26.1 million, a reduction of over 43%, and they are still slightly reducing their position today. Currently, they hold a 5x leveraged HYPE long position with an average entry price of $24.55, with an unrealized profit of about $1.51 million.
This position was established on January 12 at an average price of $22. It was gradually rolled over, with the position size once reaching $52 million. The peak unrealized profit exceeded $16 million, and at one point, it was the largest on-chain HYPE long position.
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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Holds Tight Range as Network Activity Climbs
XRP's RWA value surged 23% to over $2 billion despite a 15% price drop this month. ETFs attracted $48.5 million, contrasting Bitcoin and Ethereum outflows. Technical indicators suggest continued bearish pressure, with focus on a potential drop to $1.12.
CryptoFrontNews2h ago
Huang Licheng deposits another 245,000 USDC into Hyperliquid to continue going long
PANews February 24 News, according to Lookonchain monitoring, whenever Brother Magie Huang Licheng is liquidated to nearly zero, he deposits more funds into Hyperliquid to continue going long. He has just deposited another 245,000 USDC into Hyperliquid.
GateNewsBot5h ago
Bitcoin and Ethereum ETFs Record Net Outflows While Solana ETFs See Inflows on Feb 24
Gate News bot message, According to Feb 24 update, Bitcoin ETFs recorded a 1-day net outflow of 3,262 BTC (approximately $205.37M) and a 7-day net outflow of 7,895 BTC (approximately $497.07M). Ethereum ETFs showed a 1-day net outflow of 25,337 ETH (approximately $46.04M) and a 7-day net outflow of
GateNewsBot7h ago
Crypto Outflows Continue Amid Falling Trading Volumes
Digital asset investment products experienced significant outflows, totaling $288 million, driven mainly by Bitcoin's $215 million withdrawals and cautious investor sentiment, especially in the US, while European markets exhibited more resilience.
CryptoFrontNews9h ago
