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.
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The Middle East situation entered a state of extreme turbulence in late February 2026. The US and Israel jointly launched a large-scale military operation against Iran, codenamed "Operation Epic Fury," aimed at destroying Iran's nuclear facilities, missile production bases, and naval forces. US President Trump confirmed US military involvement through social media platforms, claiming this move was to eliminate imminent threats against the US and its allies. Israel's Minister of Defense Katz immediately declared a nationwide state of emergency, with air raid sirens sounding in Tel Aviv and other locations, and hospitals switching to underground operations.
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