Trader opens $11.66 million 5x Zcash long on Hyperliquid
- —Position: 8,469.64 ZEC with 5x leverage at an average price of $1,322.49
- —The long is worth $11.66 million, the seventh-largest in ZEC on Hyperliquid
- —Unrealized profit is $487,000, with no profit-taking yet
Why it matters: Large leveraged ZEC longs reflect speculative demand for the asset after its rise into the top 10 cryptocurrencies.
Source: TokenPost