According to BlockBeats, citing Hyperinsight data, two major ZEC long holders on Hyperliquid unwound a combined $28 million in positions within one hour on May 11. Loracle, identified as the largest ZEC long holder, fully closed a $19 million position at an average price of $567, realizing a profit of $6.88 million against a build-in average of $387. Whale 0x76d, which had entered with $8.9 million ahead of the price pullback, exited at a loss of $328,000. ZEC declined 7% over 24 hours, trading at $569 at the time of reporting.
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