ZEC Surges Above $600, Trader Loracle's Long Position Profits Over $7.7 Million

BlockBeats News, May 9th, according to Hyperinsight monitoring, ZEC saw another surge this morning, with the price on Hyperliquid currently at $618, representing a 8% increase in the past 24 hours. The biggest beneficiary of this rally is on-chain trader Loracle, whose long position gains have continued to grow along with the market, reaching $7.7 million at the time of writing.

It is reported that this position was opened with 10x leverage on April 24th when the ZEC price was around $340. Since then, Loracle has been consistently adding to the position and increasing the long position size to $20.7 million, with an average price of $387. Loracle currently holds the largest on-chain ZEC long position and has not yet taken profit.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae