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
BTC surged to $74,000 before falling back below $69,000, with the total market capitalization evaporating approximately $110 billion.
This week, the cryptocurrency industry received positive news from Wall Street, but Bitcoin's price fell from $74,000 to $69,000, with a market cap evaporating approximately $110 billion. The strength of the US dollar and macroeconomic factors are putting pressure on risk assets. Short-term holders are taking profits, increasing selling pressure, but the US spot Bitcoin ETF recorded net inflows, indicating an improvement in the funding environment.
GateNews3m ago
Grayscale transfers 1,628 ETH and nearly 265 BTC to a certain CEX
Gate News Report, March 7th, Arkham monitoring shows that approximately 10 hours ago, Grayscale transferred 1628 ETH (worth $3.29 million) and 264.974 BTC (worth $18.31 million) to a certain CEX address.
GateNews28m ago
Solana Stablecoin Volume Hits $650B in February Surge
Solana stablecoin transfers reached $650B in February, more than doubling the previous record set in October.
Analysts say stablecoins are driving blockchain payment demand as usage expands across networks with strong transaction capacity.
Solana ranks second in circulating USD Coin
CryptoFrontNews7h ago
XRP Supply Shrinks as Buyers Drop Exchange Reserve to $2.75 Billion - U.Today
XRP is experiencing increased demand, despite a recent price drop, with reserves falling to $2.75 billion. Recent trading activity indicates a shift towards holding the asset, while XRP ETFs saw their first withdrawals in March.
UToday8h ago
Bitcoin and Ethereum ETFs Record Daily Outflows While Maintaining Weekly Gains
Gate News bot message, according to the March 6 update, Bitcoin ETFs recorded a daily net outflow of 1,697 BTC (valued at $116.94 million), while maintaining a 7-day net inflow of 13,014 BTC (valued at $896.69 million). Ethereum ETFs showed a daily net outflow of 3,185 ETH (valued at $6.34 million),
GateNews9h ago
ETH 15-minute sharp decline of 1.53%: Large investors' short-term profit-taking and ETF capital outflows resonate, triggering a significant drop
From 13:45 to 14:00 on March 6, 2026 (UTC), ETH experienced a significant fluctuation, with a short-term decline of 1.53%. The price fluctuated sharply between 2019.21 and 2051.26 USDT, with an amplitude of 1.56%. High-frequency sell orders surged, market attention spiked, trading volume increased, and the divergence between bulls and bears intensified. Market sentiment became more cautious.
The main driving force behind this fluctuation was large investors and whale accounts reducing their positions after a short-term rebound, leading to a rapid release of large sell orders and triggering short-term selling pressure in the market. On the ETF front, holdings
GateNews10h ago
