Zcash (ZEC) experienced a sharp decline of 8.5% on May 26, as reported by Huo Xing Finance, with prices dropping to $620. This downturn led to significant liquidations on the Hyperliquid platform, where a major whale's long position was forcibly liquidated, resulting in losses totaling approximately $1.48 million. The whale had repeatedly opened high-leverage long positions, accumulating 2,403 ZEC at an average price of $649. However, the continued price drop breached the margin liquidation threshold, causing an additional loss of around $86,000.