The largest ZEC bull has been continuously liquidating at a loss of 300%, having bought the dip with an $8.5 million position ten days ago

As of February 24, data from the Coinbob Popular Address Tracker (link: https://t.me/Coinbob_track_CN) shows that Loracle—an early Hyperliquid contributor—opened a large 10x leveraged long position on ZEC on February 15 in a bottom-fishing attempt. At the time, the position peaked at $8.5 million, with an average entry price of $312, making it the largest on-chain ZEC long position. Ten days later, ZEC is currently trading at $237, pushing the position’s unrealized loss to 316%. Facing steep unrealized losses, the address began cutting its ZEC long position last night and this morning. As of press time, the position has been sharply reduced to $1.14 million, with selling still ongoing. Loracle (X handle: @loraclexyz)—born Laurent Zeimes—is an active early contributor to the Hyperliquid ecosystem. He’s the founder of Hypurrfun and has recently been active in Hyperliquid’s contract market.