According to on-chain analyst Onchain Lens (@OnchainLens), a whale address closed its ZEC long position, incurring a loss of over $1.2 million, and immediately opened a 10x leveraged long position in 263,356 HYPE tokens, valued at approximately $16.6 million.
Whale cuts ZEC long losses exceeding $1.2M, opens 10x leverage HYPE position
TechFlowShare
Summary
A whale recently adjusted its trading strategy by closing a ZEC long position with over $1.2M in losses, according to Onchain Lens. The same address then opened a 10x leveraged HYPE position of 263,356 tokens, valued at approximately $16.6M. Position sizing appears to be a key focus as the whale shifts exposure from ZEC to HYPE.
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