Whale '0xf56' Buys 9,663 ZEC at $416 Average Price on HyperLiquid, Total Investment Exceeds $4M

News Editor

2026-07-02 04:31:11

According to Onchain Lens, whale address '0xf56' purchased 9,663 ZEC at an average price of $416 on HyperLiquid, worth approximately $4.02 million, and has withdrawn the tokens. The same address also holds a 2x leveraged long position of 12,009 ZEC (worth ~$5 million). On-chain data suggests the whale has a strong bullish bias on ZEC.

Whale address '0xf56' has been spotted making a significant purchase on the decentralized derivatives platform HyperLiquid. According to monitoring by Onchain Lens, the whale bought 9,663 ZEC at an average price of $416 per coin, totaling approximately $4.02 million. The tokens were subsequently withdrawn from the exchange to an on-chain wallet.

Further on-chain data reveals that the same whale already held a 2x leveraged long position of 12,009 ZEC, valued at around $5 million. Combined with the latest acquisition, the whale's total exposure to ZEC has increased sharply, signaling a strong bullish conviction on the cryptocurrency.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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