During the market closure, on-chain precious metals surged due to risk aversion demand, with the largest gold long position "Loracle" floating profit reaching 27%

BlockBeats News, February 28 — According to Coinbob's popular address monitoring, due to the worsening US-Iran situation, safe-haven assets on the chain led the rally during the market closure. Gold briefly surged to $5,386 per ounce, and silver briefly rose to $96.3.

Currently, the largest long position in on-chain PAXG (on-chain gold) held by "Hyperliquid early contributor Loracle" has an unrealized profit of $460,000 (about 27%), with a position size of $8.42 million, at an average price of $5,047.

Loracle (X: loraclexyz), formerly Laurent Zeimes, is active within the Hyperliquid ecosystem and is regarded as an early contributor. He is the founder of Hypurrfun and has recently been active in Hyperliquid's contract market.