Previous On-chain HYPE Leader Long "Loracle" Continues to Take Profit in Long Position, Monthly Profit Has Reached $20 Million

BlockBeats News, February 25, according to Coinbob popular address tracker, due to today's market rebound, the "Hyperliquid early contributor Loracle" significantly reduced its HYPE long position again last night and this morning. The position size has decreased from $26.1 million yesterday to $17.12 million, a cumulative narrowing of over 67% from the position high point before February 21. As of the time of publication, the position is still being closed to take profit. The address currently holds a 5x leveraged HYPE long position with an average entry price of $24.55, with an unrealized profit of approximately $1.96 million.

This position was established on January 12 at an average price of $22 and was gradually rolled over. The position size once reached $52 million, with a peak unrealized profit of over $16 million, and at one point became the largest on-chain HYPE long position. Currently, relying on recent long positions in HYPE and PAXG (on-chain gold), it has realized a monthly profit of $20.13 million.

Loracle (X: loraclexyz), originally named Laurent Zeimes. Active in the Hyperliquid ecosystem, he is considered one of the early contributors, the founder of Hypurrfun, and recently active in the Hyperliquid smart contract market.