Zcash (ZEC) has experienced a significant price increase, reaching $618 on Hyperliquid, marking an 8% rise in the past 24 hours. This surge has notably benefited on-chain trader Loracle, whose long position has seen unrealized profits soar to $7.7 million. Loracle initiated this position on April 24 with 10x leverage when ZEC was priced around $340.
Since opening the position, Loracle has incrementally increased the long position size to $20.7 million, with an average entry price of $387. This makes it the largest on-chain long position for ZEC, with no profits taken yet. The trader's address is 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae.
ZEC Price Surges to $618, Trader Loracle's Long Position Profits $7.7M
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.