ZEC Sees 8.5% Intraday Pullback, Hyperliquid Whale Gets Liquidated for $1.48 Million

On May 26, Hyperinsight (via its official Telegram channel: https://t.me/HyperInsight) reported that Zcash (ZEC) extended its pullback from its daily intraday high, logging an 8.5% cumulative intraday drop to hit a low of $620. This sharp decline triggered a series of forced liquidations targeting a large whale on Hyperliquid, totaling approximately $1.48 million in liquidated long positions. During ZEC’s descent, a specific wallet address repeatedly added to its leveraged long positions, averaging entries around $649—this position addition occurred when ZEC had retraced roughly 4.56% from its peak. The address accumulated 2,403 ZEC in long holdings, but as the market failed to stabilize after entry, the price dropped below the address’s liquidation threshold, resulting in approximately $86,000 in losses. Affected wallet address: 0x75ec3ba266176e733f1b1fdaa15052f5eff724b8