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
Retail investors are not trading cryptocurrencies but stocks? Cryptocurrency market liquidity is moving to the US stock market, AI helps interpret financial reports and boosts confidence
Wintermute's research indicates that retail cryptocurrency funds are flowing heavily into the US stock market, reversing the correlation to become negatively correlated. As liquidity in the crypto market declines, retail investors prefer mature stock markets, aided by generative AI enhancing their investment capabilities. Cryptocurrencies are gradually becoming part of asset allocation.
CryptoCity40m ago
Strategy: Purchased 48,000 BTC in the first two months of 2026, investing $4.3 billion
Bitcoin Treasury Company Strategy Director Chaitanya Jain revealed that in the first two months of 2026, approximately $4.3 billion was invested to purchase 48,000 Bitcoins, far exceeding the $300 million spent in all of 2022. Jain stated that this large-scale institutional buying will change the structure of the Bitcoin market.
GateNews3h ago
Ethereum Co-founder Jeffrey Wilcke Deposits $158.31M Worth of ETH to CEX
Gate News bot message, Ethereum co-founder Jeffrey Wilcke deposited 79,859 ETH valued at $158.31 million into centralized exchanges over the past 9 hours. Wilcke currently holds 16,037 ETH worth $31.66 million.
GateNews4h ago
Stablecoin Market Tops $313 Billion as Sky's USDS Leads Weekly Gains
The stablecoin economy is once again scaling new heights, pushing past the $313 billion mark this weekend. Metrics from defillama.com show that Sky’s USDS posted the biggest percentage jump among the top ten fiat-pegged coins, climbing 8.5% over the last seven days.
Stablecoin Sector Climbs
Coinpedia9h ago
Bitcoin Correction Halts Institutional Demand as ETFs Witness $348.83 Million Withdrawals - U.Today
Bitcoin ETFs experienced a significant withdrawal of $348 million amid declining institutional demand, reflecting a bearish sentiment in the market. Despite these outflows, BlackRock's ETF maintained its dominance.
UToday11h ago
ETH Co-founder Jeffrey Wilcke transfers nearly 80,000 ETH, worth $157 million
Gate News Report, on March 7th, on-chain analyst Ai Yi detected that ETH co-founder Jeffrey Wilcke transferred 79,258.61 ETH to a certain CEX from 4 addresses five minutes ago, worth $157 million. This address has been active again after 7 months. Currently, this address still holds 27,421.73 ETH, with a total value of $54.37 million.
GateNews13h ago
