ZEC spot trading volume on Hyperliquid surpasses ETH

BlockBeats news, October 16, according to TradingBeats monitoring, over the past 24 hours, the spot trading volume of UZEC/USDC on Hyperliquid was approximately $17.5445 million, about 43.3% higher than the $12.2436 million for UETH/USDC; during the same period, UZEC rose about 11.81%, temporarily reported at $1,231.2.

Along with the rapid price increase, there were large sell-offs. From last night to now, a major holder cumulatively sold 2,000 UZEC, with a transaction volume of approximately $2.1749 million, at an average price of $1,087.44; as of the time of verification, they still hold 7,657.53 UZEC (0x3758…aa39).

At the same time, at least two accounts made one-way purchases of UZEC totaling approximately $1.2342 million in the past 24 hours; another account completed about $1.48 million in two-way transactions. The derivatives market is also heating up. During the same period, the nominal OI of ZEC perpetual contracts increased by about 17.1% from yesterday, rising to approximately $612 million.