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"Loracle" recently shorted HYPE precisely at $37, and today HYPE has rebounded to $40, showing significant unrealized gains.
Mars Finance reports that on March 25, according to Coinbob’s popular address monitoring, influenced by HYPE regaining above $40 today, “Hyperliquid early contributor Loracle” held a long position in HYPE, which has since realized significant unrealized gains. The current unrealized profit has reached $1.4 million, with a position size of approximately $22.3 million, and an average entry price of $37.6.
In the past two days, this whale continued to buy as HYPE’s price fell below $38, with a low near $36.8. Its average price has decreased accordingly, and it still has about $1.8 million in buy orders around the $36 price level.
This long position was opened on March 10, chasing the rally, with an initial position size of about $2.4 million at an average price of $34.5. It has been rolled over to its current size.
Loracle (X: loraclexyz), formerly Laurent Zeimes, previously bought HYPE at an average price of $22 on January 12, with a peak position of $52 million.