Whale Spends $4.02M to Buy 9,663 ZEC, Holds $5M Long Position

News Editor

2026-07-02 02:35:04

A whale spent $4.02 million to purchase 9,663 ZEC at an average price of $416 on HyperLiquid and then withdrew them. The same address also holds a 2x leveraged long position of 12,009 ZEC worth $5 million, reflecting strong bullish sentiment on Zcash.

Trade Details

According to on-chain monitoring platform Onchain Lens, a whale address bought 9,663 ZEC on the derivatives exchange HyperLiquid at an average price of $416, spending a total of $4.02 million. The tokens were subsequently withdrawn to the on-chain wallet.

Leveraged Position

In addition to the spot purchase, the same address holds a 2x leveraged long position of 12,009 ZEC, currently valued at approximately $5 million. This indicates strong bullish expectations for Zcash (ZEC) in the near term, with the whale willing to take on leveraged exposure.

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

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