ZEC 3380 Coins, $4.56M Position Captured at 10x Leverage

A whale has purchased 3,380 ZEC coins on the Hyperliquid futures market using 10x leverage. The average entry price was $1,275, with a nominal position size of approximately $4.56 million (about 6.2472 billion KRW). The transaction was detected by OnchainLens monitoring and reported by Blockbits on the 17th. The trade was executed as a long position on Hyperliquid's futures market. Leverage allows investors to manage positions larger than their collateral, meaning price movements will significantly impact profits or losses. A similar large leveraged ZEC trade was previously detected on Hyperliquid, though it is unclear if this involves the same entity that had short positions forced liquidated earlier.