Trader Loracle Liquidates Position, Flattens ZEC Long, Forced to Become Top ZEC Holder with $10.8 Million Scale

On June 5, per monitoring by Hyperinsight, during ZEC’s flash crash, prominent Hyperliquid trader Loracle’s long position racked up growing unrealized losses. Faced with the market downturn, this address continuously added to its position counter to the trend, snapped up large volumes of sell-side liquidity, and actively bought the dip, bringing its average entry cost down from over $500 to $354, with the lowest purchase price hitting nearly $250. Via this averaging down strategy, the total position size has ballooned to $10.8 million, with 34,800 ZEC long contracts held – making it the largest ZEC bull on Hyperliquid by default. As of press time, unrealized losses on this long position stand at $1.6 million (a 130% drawdown) and continue to widen. Additionally, the address currently holds long positions in multiple tokens including HYPE, ZEC, and WLD, boasting a combined long position value of $34.6 million and $4 million in total unrealized losses. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae