💥 Crypto and Gold Challenges!
Today, February 16, exciting news emerged about Loracle, the well-known trader on the Hyperliquid platform. 😮
🔹 Before February 4, Loracle opened a long buy position on PAXG (digital gold on-chain).
🔹 But with spot gold prices falling below $5,000 per ounce, his position shifted from profit to loss.
🔹 The average price of the holding now: $5,047, and the position size is about $7.86 million, which means an unrealized loss of approximately $60,000 (-3.8%).
But the story doesn't stop here!
💎 Quick facts about Loracle and his holdings:
He has a large long position on HYPE, planning to buy approximately 20,000 tokens at a price of $28 to strengthen his position.
He has also increased his long position on ZEC to $8.5 million.
Total holdings on Hyperliquid: $63.2 million, with unrealized profits of $6.7 million.
✨ Loracle, known as Laurent Zeimes, founder of Hypurrfun and one of the early investors in the Hyperliquid system, continues to be actively engaged in the digital contracts market.
📌 The story here is filled with lessons: the market is volatile, and gold is not always a safe haven!
Do you expect gold to rise again soon? 💬 Share your thoughts in the comments!
$PAXG $ZEC $HYPE
#Cryptocurrency #goldtrading #Hyperliquid #CryptoTrader #DigitalAssets