The largest on-chain gold long position has been fully closed at an average price of $4,865 per PAXG, with the previous entry price around $4,415.

According to ChainCatcher, Coinbob's popular address monitoring shows that, due to the decline in gold's price per ounce, the largest on-chain gold long whale on Hyperliquid has fully closed its 5x leveraged PAXG long position. This position recorded a total profit of $675,000, with a previous position size of approximately $7.3 million at an average price of $4,415.

After closing the position, the address increased its positions in XYZ100 and COPPER longs. The current specific holdings are: a 10x leveraged XYZ100 (Nasdaq 100 index-mapped contract) long, with the position size rising from $14.8 million yesterday to $20.56 million, currently at an unrealized loss of $36,000, with an average price of $25,443; a 10x leveraged COPPER (copper futures-mapped contract) long, with the position size increasing from $5.84 million yesterday to $11.6 million, at an unrealized loss of $176,000, with an average price of $5.895.

The total account balance of this address exceeds $5 million, currently focusing on trading US stock tokens and on-chain precious metals. It is currently one of the largest addresses in terms of on-chain PAXG and COPPER holdings, with a total position size reaching $38.8 million. It also holds some small amounts of US stock tokens.