$ETH
A well-known cryptocurrency trader, ‘Hyperliquid Early Contributor Loracle,’ has reportedly made substantial profits through strategic trading. BlockBeats On-chain Detection reports that their account balance jumped from under $7 million to around $41.1 million in just one month, almost a sixfold increase, largely fueled by a single $7.44 million deposit.
Loracle currently holds the largest long position in HYPE and the largest short position in Bitcoin (BTC) on the Hyperliquid platform. Their approach combines long-term HYPE holdings with swing trading in BTC and Ethereum (ETH). Over a recent weekend, Loracle executed four swing trades in two days, earning $6.37 million from BTC and ETH short positions and an additional $3.82 million from long positions.
As of now, new short positions in BTC and ETH have been opened, continuing the same strategy.
Key positions include:
HYPE (5x long): ~$48.52 million at an average price of $24.37, showing an unrealized profit of ~$12.46 million (+128%).
BTC (20x short): ~$43.15 million at an average price of $70,073, with an unrealized loss of ~$510,000 (-24%).
ETH (20x short): ~$10.15 million at an average price of $2,056, with an unrealized profit of ~$140,000 (-27%).
Laurent Zeimes, known as Loracle, is a key early contributor to the Hyperliquid ecosystem, founder of Hypurrfun, and actively trades HYPE contracts, holding positions at an average price of $22.
