ZEC's largest long position continued to cut losses with a 300% loss, having previously bottomed out with an $8.5 million position ten days ago.

GateUser-6433627c · 2026-02-24T02:34:41+00:00

On February 15th, early contributor to Hyperliquid, Lorace, built a $8.5 million ZEC long position with 10x leverage, at an average price of $312, becoming the largest long position. However, when the ZEC price dropped to $237, their loss expanded to 316%. To cut losses, Lorace has reduced their position to $1.14 million and continues to decrease their holdings.

GateUser-6433627c

2026-02-24 02:34:41

Abstract generation in progress

On February 24, according to Coinbob’s popular address monitoring, “Hyperliquid early contributor Loracle” significantly increased their ZEC long position on February 15 with 10x leverage, attempting to bottom fish. At that time, their holdings reached $8.5 million, with an average price of $312, making them the largest on-chain ZEC long position. Ten days later, today, ZEC is temporarily priced at $237, and this position has suffered a loss of 316%. Facing massive unrealized losses, the address began cutting losses and reducing ZEC longs last night and this morning. As of now, their holdings have sharply decreased to $1.14 million, and they are still reducing their position at the time of publication. Loracle (X: loraclexyz), formerly Laurent Zeimes, is active within the Hyperliquid ecosystem and is regarded as one of the early contributors. He is the founder of Hypurrfun and has recently been active in Hyperliquid’s derivatives market.

ZEC2,09%

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