Zcash (ZEC) shows significant growth amid massive whale activities on Hyperliquid

The Hyperliquid platform recorded exceptional activity around ZEC on December 25th, with the coordinated intervention of a dozen whale accounts launching million-dollar positions. This massive capital flow demonstrates renewed confidence from major investors in this asset.

Magnitude of Positions Launched

Market data reveals that seven major accounts collectively established long positions totaling $7.48 million, with an average entry point around $446 per unit. This concentration of buying directly influenced the bullish trajectory of ZEC during the period considered.

Strategic Movements of the Largest Players

Among these key investors, the address 0x8de, linked to Loracle, stood out for the scale of its commitment. This account deployed $3.88 million in long positions on ZEC with 10x leverage, signaling a strong conviction about the asset’s future direction. Beyond ZEC alone, this same address manages a diversified leveraged portfolio, including a short 3x exposure on LIT and a bullish 5x position on HYPE, with total commitments exceeding $25.83 million.

Market Dynamics and Investor Sentiment

The growing open interest in ZEC reflects a shift in sentiment among the market’s biggest players. The price of ZEC, rising from $404 to over $450, aligns with these massive capital inflows, suggesting potential coordination in acquisitions. According to the latest available data, ZEC is currently trading at $408.16, recording a positive 3.39% change over 24 hours, confirming the bullish trend initiated by these whale movements.

This dynamic illustrates how large investor positions can catalyze significant price movements and shape the short-term trajectory of an asset on derivatives trading platforms.