Zcash (ZEC) experienced a significant price drop of 7% within 24 hours, trading at $569, prompting major liquidations on the Hyperliquid platform. Two substantial ZEC long positions were closed, totaling $28 million in liquidations. The largest position, held by "Loracle," was fully liquidated for $19 million at an average price of $567, yielding a profit of $6.888 million from an entry price of $387. Another major holder, identified as 0x76d, exited with a stop-loss, incurring a $328,000 loss after the recent price correction.