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.

On February 9, data from Coinbob Popular Address Monitor reveals that the on-chain HYPE whale holding the largest long position—identified as "Hyperliquid early contributor Loracle"—has netted approximately $11.5 million in profit over the past week. The strategy driving these gains combines **continuous HYPE longs** with **intraday swing trades of BTC and ETH**. In less than a month, the account’s balance has surged from under $7 million to roughly $41.1 million (a nearly 6x increase), with only one large $7.44 million capital inflow during this period. ### Key Details: - **Current Positions**: The address is both the largest HYPE long and largest BTC short on Hyperliquid. Its playbook: long-term HYPE holdings + swing trading BTC/ETH. - **Recent Trades**: Last weekend, 4 swing trades in 2 days: 1. $6.37 million profit from BTC/ETH shorts; 2. Reversed to longs, adding $3.82 million more gains. Overnight and this morning, it opened new BTC/ETH shorts to continue the strategy. ### Holdings Breakdown: | Asset | Position Type | Size | Avg Entry Price | Unrealized P/L | |-------------|---------------|------------|-----------------|-----------------------| | HYPE | 5x Long | ~$48.52M | $24.37 | +$12.46M (+128%) | | BTC | 20x Short | ~$43.15M | ~$70,073 | -$0.51M (-24%) | | ETH | 20x Short | ~$10.15M | ~$2,056 | +$0.14M (-27%) | ### Background: Loracle (X: @loraclexyz) was originally Laurent Zeimes. An early Hyperliquid contributor and founder of Hypurrfun, he’s active in the platform’s derivatives market. He has been buying HYPE dips at an average $22 and has not closed these positions yet.