Spot gold prices rebound to $5100, "On-chain gold PAXG largest long" unrealized gains expand and set buy orders up to $8850

BlockBeats News, January 26 — According to Hyperinsight monitoring, influenced by the continuous strengthening of gold prices and a rebound to $5,100 per ounce early this morning, the big whales on Hyperliquid who are long on PAXG (on-chain gold) generally achieved substantial unrealized gains.

Among them, the “On-Chain Gold PAXG Largest Long” whale (0xfd6) holding a 5x leveraged PAXG long position has seen unrealized gains expand to $710,000, with a return rate of approximately 96%. The current position size is about $3.71 million, with an average price of $4,126.

This whale had placed a take-profit order as early as November 1 last year, targeting a price of $8,850. The long position was opened on October 22 last year, and its account currently only holds on-chain gold tokens PAXG.