Zcash (ZEC) experienced a significant surge as 11 whale accounts opened positions exceeding $1 million on the Hyperliquid platform on December 25. Among these, four whales collectively initiated $7.48 million in long positions at an average price of $446. Notably, the address 0x8de, associated with Loracle, added a $3.88 million ZEC long position at 10x leverage. This address also holds a 3x short position in LIT and a 5x long position in HYPE, totaling $25.83 million. The increased open interest reflects a growing bullish sentiment, with ZEC rebounding from $404 to over $450.