Hyperliquid early contributor Loracle has closed their HYPE long position, securing a profit of approximately $5.09 million. The position, initiated on January 12 at an average entry price of $22, peaked at $52 million with an average price of $24.55, yielding a maximum unrealized profit of over $16 million. As HYPE's price dipped below $30, Loracle gradually reduced the position through small sell orders. Following the liquidation of HYPE, Loracle has opened a 1x leveraged long position in NVIDIA, establishing a base position of about $4 million at an average price of $185.40. Additionally, Loracle maintains a significant long position in PAXG, valued at approximately $8.2 million with 5x leverage, currently showing a paper profit of $240,000. Loracle, also known as Laurent Zeimes, is a prominent figure in the Hyperliquid ecosystem and the founder of Hypurrfun.