ZEC extended its recent rally, rising approximately 11.1 percent in the past 24 hours on the Hyperliquid platform with trading volume around $169 million. The cryptocurrency has climbed about 37.8 percent so far this month from an early July level of $401.42, trading near $553.10 on Tuesday.
On-chain data highlighted trader Loracle as the leading beneficiary of the move. The account maintains a 10 times leveraged long position of 49,563.75 ZEC tokens, with a notional value of roughly $27.41 million. The position, built at an average entry price of $362.28, shows unrealized profits of about $9.46 million, equivalent to a return of approximately 526.7 percent. Funds in the account increased by roughly $6.84 million during the day.
The trader accumulated the position gradually over more than six weeks. An initial base long was established on May 30, with additional purchases made during a sharp decline in early June amid negative market sentiment. The holding reached 49,564 tokens by late June before capturing gains from the July advance.
On-chain data highlighted trader Loracle as the leading beneficiary of the move. The account maintains a 10 times leveraged long position of 49,563.75 ZEC tokens, with a notional value of roughly $27.41 million. The position, built at an average entry price of $362.28, shows unrealized profits of about $9.46 million, equivalent to a return of approximately 526.7 percent. Funds in the account increased by roughly $6.84 million during the day.
The trader accumulated the position gradually over more than six weeks. An initial base long was established on May 30, with additional purchases made during a sharp decline in early June amid negative market sentiment. The holding reached 49,564 tokens by late June before capturing gains from the July advance.