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Loracle profited $11.5 million in a week and multiplied assets by six in a month, now holding the title of both the largest on-chain HYPE long and the largest BTC short.
BlockBeats News, February 9th, according to Coinbob Popular Address Monitor data, the on-chain HYPE whale with the largest long position "Hyperliquid early contributor Loracle" has recently achieved a profit of approximately $11.5 million within a week by implementing a strategy of "continuously longing HYPE, intraday swing trading BTC, ETH." In less than a month, the funds in the account have grown from less than $7 million to around $41.1 million, nearly a sixfold increase, with only one large fund inflow of $7.44 million during this period.
The address is currently both the largest long on HYPE and the largest short on BTC on Hyperliquid. Its operating mode involves holding HYPE long-term and engaging in swing trading of BTC and ETH. Last weekend, it completed four swing trades in two days: first, earned $6.37 million in profit through BTC and ETH shorts, then reversed to open long positions and once again made a profit of $3.82 million. Last night and this morning, the address once again opened new short positions on BTC and ETH, continuing its strategy. Its main holdings are as follows:
HYPE (5x Long): Position size around $48.52 million, average price $24.37, unrealized profit around $12.46 million (+128%).
BTC (20x Short): Position size around $43.15 million, average price around $70,073, unrealized loss around $0.51 million (-24%).
ETH (20x Short): Position size around $10.15 million, average price around $2,056, unrealized profit around $0.14 million (-27%).
Loracle (X: loraclexyz) originally named Laurent Zeimes. He is active in the Hyperliquid ecosystem and is considered one of the early contributors, being the founder of Hypurrfun. He has recently been active in the Hyperliquid contract market, buying the dip on HYPE at an average of $22, but has not yet closed his position.
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