Huo Xing Finance reports that, on May 26, according to Hyperinsight monitoring, ZEC has been continuously correcting from its high, with a daily cumulative decline of 85.5%, dipping as low as $620. This correction triggered a series of liquidations on Hyperliquid for a large whale’s long position, resulting in approximately $1.48 million in forced liquidations. During ZEC’s decline, this address repeatedly opened long positions with high leverage, accumulating longs up to around $649 (when ZEC had corrected approximately 4.56% from its peak), totaling 2,403 ZEC. However, the price failed to stabilize at these entry levels and continued downward, breaching its isolated margin liquidation threshold, resulting in a loss of approximately $86,000. Address: 0x75ec3ba266176e733f1b1fdaa15052f5eff724b8
ZEC Drops 8.5% in One Day as Hyperliquid Whale Suffers $1.48M Liquidation
MarsBitShare
Summary
Whale activity on Hyperliquid triggered a $1.48M liquidation as ZEC dropped 8.5% in a day, falling to $620. The whale had increased long positions at $649, where ZEC had already declined 4.56% from its peak. Whale activity intensified during the decline, with repeated high-leverage purchases. Margin calls followed as the price continued to fall, resulting in an $86K loss.
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