ZEC Faces Panic Sell-off, Experiences Sharp Decline, Market Maker Auros Global Takes on Long Liquidation Loss of Over $8.5 Million

BlockBeats News, June 5th, according to Hyperinsight monitoring, due to the continued impact of the feasibility of "infinite issuance," the ZEC price encountered a panic sell-off in the afternoon, experiencing a one-way downtrend. Hyperliquid's renowned market maker, Auros Global, was temporarily forced to take on a large number of long positions during the price decline, currently holding a $10.5 million long position, with a floating loss that once expanded to $8.5 million (-450%).

At the time of writing, Auros Global's market-making address has a total position of $46.2 million, providing liquidity for 99 different tokens. The address has recently significantly reduced the range of tokens supported for market-making, and the total position has also declined.

Address: 0x023a3d058020fb76cca98f01b3c48c8938a22355