Two major ZEC whales on Hyperliquid withdrew consecutively within one hour, collectively liquidating $28 million in long positions.

BlockBeats News, May 11th, according to Hyperinsight monitoring, ZEC fell today, with a 24-hour decline expanding to 7%, currently trading at $569. Within the past hour, two major ZEC long positions on the Hyperliquid platform successively closed their positions, with a total withdrawal of approximately $28 million.

Among them, the on-chain "ZEC Long Whale" "Loracle" has been continuously reducing its position with large amounts since early this morning. In the 20 minutes before the article was written, it has completely cleared its $19 million ZEC long position, with a closing price of $567, representing an approximately 46% increase from its $387 opening price. This round of trading has realized a total profit of $6.888 million.

Another long position whale (0x76d) increased its position on the eve of last night's price pullback, with a position size of around $8.9 million. However, it suffered losses this morning due to the current downturn, triggering a stop-loss to exit the market, resulting in a loss of $0.328 million.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

Address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3