Loracle, an early contributor to Hyperliquid, has seen significant gains from their long position in HYPE, as the token's price rebounded above $40. The position, valued at approximately $22.3 million with an average entry price of $37.6, has generated $1.4 million in unrealized profits. Loracle strategically accumulated HYPE at lows near $36.8, reducing their average cost. The position was initially opened on March 10 with a base of $2.4 million at an average price of $34.50 and has since expanded. Loracle, previously known as Laurent Zeimes, initially bought HYPE at an average price of $22 on January 12, reaching a peak position size of $52 million. Currently, Loracle maintains $1.8 million in buy orders within the $36 range.