According to ME News, on June 5 (UTC+8), monitoring by Hyperinsight showed that, amid ongoing speculation around the feasibility of infinite minting, ZEC experienced a panic-driven sell-off in the afternoon, trending sharply downward. During the price decline, Auros Global, a prominent market maker on Hyperliquid, was temporarily forced to absorb a large long position and currently holds a $10.5 million long position, with unrealized losses peaking at $8.5 million (-450%). As of publication, the total position size of the Auros Global market-making address stands at $46.2 million, providing liquidity for 99 cryptocurrencies. Recently, this address has significantly narrowed its range of market-making assets and reduced its overall position size. Address: 0x023a3d058020fb76cca98f01b3c48c8938a22355 (Source: BlockBeats)
ZEC Price Plummets Amid Panic Sell-Off, Auros Global Loses Over $8.5M
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Summary
On June 5 (UTC+8), the ZEC price plummeted sharply as traders feared potential infinite inflation risks. Auros Global, a major player on Hyperliquid, suffered $8.5 million in losses (-450%) after being heavily exposed to long positions. ZEC price analysis indicates the decline was one-sided and rapid. Auros holds $46.2 million in positions across 99 tokens, but its trading activity has recently declined.
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