According to ME News, on June 5 (UTC+8), data from Hyperinsight shows that during ZEC’s sharp decline, the long position held by renowned trader Loracle on Hyperliquid experienced mounting unrealized losses. In response to the downward trend, this address consistently rolled over and added large volumes of long positions, buying at lows near $250, reducing its average entry price from above $500 to $354. Through this averaging-down strategy, its position size has grown to $10.8 million, with a total long exposure of 34,800 ZEC, making it the largest long position on Hyperliquid’s ZEC market. As of this report, the unrealized loss on this long position has reached $1.6 million (-130%), and the address continues to add to its position. Additionally, this address currently holds long positions in several other assets, including HYPE, ZEC, and WLD, with a total long exposure of $34.6 million and an overall unrealized loss of $4 million. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae (Source: BlockBeats)
Hyperliquid Trader Loracle Adds $10.8M ZEC Long Amid Sharp Price Drop
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Summary
On-chain data shows that Hyperliquid trader Loracle added a $10.8M ZEC long position on June 5 as the price declined. His average cost dropped to $354, making him the largest ZEC long holder with 34,800 ZEC. The position is currently down $1.6M (-130%). Loracle also holds long positions in HYPE, WLD, and other altcoins to watch, with total longs amounting to $34.6M and a $4M floating loss.
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