Trader Loracle Liquidates Position, Flattens ZEC Long, Forced to Become Top ZEC Holder with $10.8 Million Scale

BlockBeats News, June 5th, according to Hyperinsight monitoring, during the ZEC flash crash, the well-known Hyperliquid trader Loracle's long position continued to suffer increasing unrealized losses. Faced with the downturn, this address consistently added to their position against the trend, absorbed large sell-offs, and actively bought the dip, lowering their average entry price from above $500 to $354, with the lowest buy-in near $250.

Through this averaging down, their position size has now surged to $10.8 million, holding a total of 34,800 ZEC long positions, passively becoming the largest ZEC bull on the Hyperliquid platform. At the time of writing, the unrealized losses from this long position have reached $1.6 million (-130%) and are still being increased.

In addition, this address currently holds long positions in several tokens such as HYPE, ZEC, and WLD, with a total long position value of $34.6 million, with $4 million in unrealized losses.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae