A Whale Wallet Made $9 Million in Profits on Two Altcoins Over the Past Week

Loracle, an on-chain investor trading on Hyperliquid, a prominent platform in the cryptocurrency derivatives market, topped the weekly profit rankings with gains exceeding $11 million in the past week. The investor’s early long positions, particularly in ZEC and TON, were noteworthy.

According to the shared data, Loracle’s biggest gains in the last seven days came from ZEC and TON long positions and crude oil short positions. The fact that the investor closed both WTI and Brent oil short positions at the previous day’s lows led to comments in the market regarding the success of the timing.

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It was reported that the largest profitable positions in the account currently belong to two ZEC long positions worth approximately $20.9 million and a TON long position worth $9.6 million. The total unrealized profit from these two positions is said to have reached approximately $9.7 million. Furthermore, it was noted that the whale has not yet reduced any of these positions.

According to the data, Loracle is also the largest long position holder on Hyperliquid in ZEC and TON, while holding the largest short position in the HYPE token. It is stated that the total account position size has exceeded $100 million, and the investor has made more than $36 million in profit in the last six months.

*This is not investment advice.

Continue Reading: A Whale Wallet Made $9 Million in Profits on Two Altcoins Over the Past Week