Driven by the breakout of spot gold above $5600, the "Heavy Long Position in Precious Metals" whale's PAXG long position is now in a 200% unrealized gain.

BlockBeats News, January 29th, according to Coinbob Popular Address Monitor data, influenced by the continuous strengthening of the gold price and breaking through $5600 per ounce to hit a new all-time high today, whales on Hyperliquid who went long on PAXG (on-chain gold) generally gained considerable unrealized gains.

Among them, the "Heavy Position in Precious Metals" whale (0x271) currently holds long positions in PAXG and GOLD (gold mapping contract) with a total size of about $5.5 million, making it the largest long position holder in on-chain gold-related assets. The address significantly increased its long position in the Silver mapping contract (SILVER) yesterday and continued to achieve significant profits today. Its main position information is currently as follows:

PAXG (on-chain gold) Long Position: Size approximately $3.62 million, average price $4429, unrealized gain approximately $740,000 (200%);

SILVER (Silver mapping contract) Long Position: Size approximately $2.35 million, average price $111, unrealized gain approximately $130,000 (22%);

GOLD (Gold mapping contract) Long Position: Size approximately $1.94 million, average price $4799, unrealized gain approximately $260,000 (61%);

This account prefers to heavily hold positions in gold and silver, with the account's funds currently rising from about $1 million to $2.6 million, showing a strong bullish sentiment towards precious metal assets and a trading style that leans towards mid-term holding.