Two major ZEC whales on Hyperliquid withdrew consecutively within one hour, collectively liquidating $28 million in long positions.

On May 11th, data from HyperInsight monitoring shows ZEC declined today, with its 24-hour drop widening to 7% and the token currently trading at $569. Over the past hour, two large ZEC long positions on the Hyperliquid platform were closed in succession, with a total of approximately $28 million withdrawn. Among these, the on-chain "ZEC Long Whale" known as Loracle has been steadily cutting its position in large tranches since early this morning. In the 20 minutes before this report, it fully exited its $19 million ZEC long position, closing at $567—representing a roughly 46% gain from its entry price of $387. This trade locked in a total profit of $6.888 million. Another long whale (address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3) boosted its position ahead of last night’s price dip, with a position size of roughly $8.9 million. However, it incurred losses this morning amid the ongoing downturn, triggering a stop-loss exit and resulting in a $328,000 loss. Relevant addresses: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3