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"On-chain gold's largest long position" gains over $750,000 in unrealized profit from long positions in gold and silver
On January 13, according to Hyperinsight monitoring, the “largest on-chain gold long” trader is currently using 5x leverage to go long on 1500 PAX Gold tokens (PAXG), with an average entry price of $4415.46, and an unrealized profit of $271,000; using 10x leverage to go long on xyz:SILVER (pegged to silver prices), with an average entry price of $78.879, and an unrealized profit of $484,000. In addition, this address is also highly leveraged long on a basket of on-chain US stock tokens, including Apple, Intel, Oracle, AMD, and Palantir.