According to onchain monitoring platform Onchain Lens, a whale purchased 9,663 ZEC at an average price of $416 on the decentralized derivatives exchange HyperLiquid, spending approximately $4.02 million. The tokens were subsequently withdrawn from the exchange to a wallet address.
The same whale also holds a long position of 12,009 ZEC with 2x leverage, currently valued at around $5 million. This concentrated accumulation and leveraged long exposure signals a strong bullish conviction on Zcash (ZEC) in the near term.
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