Hypurrfun Founder Bets Big on HYPE, Gains $16.1M in Unrealized Profit

On February 3, data from Coinbob's monitored hot wallet showed that Loracle (X: loraclexyz), the founder of Hypurrfun, significantly increased his leveraged long position in HYPE today. The position was initially opened on January 12 with an average entry price of $22. As HYPE's price surged recently, the position has now generated massive unrealized gains, making it the largest HYPE long on-chain.

Position Size Continues to Expand

Statistics show that Loracle's HYPE long exposure has increased from $39.55M to $52.22M in just a week, with the average price rising from $22.36 to $24.30. The unrealized profit now stands at $16.1M, delivering a 154% return. His account balance has also more than doubled, growing from approximately $13M to $35.69M.

Founder Background and Market Activity

Loracle's real name is Laurent Zeimes, a key early contributor to the Hyperliquid ecosystem. He has been actively trading on the Hyperliquid derivatives market, previously going long on ZEC in December during the market dip, demonstrating his strong market timing abilities.