Hyperliquid News Today: ZEC Whales Face Off: $2 Million in Profits Against $6.75 Million in Losses Before Halving
- Zcash (ZEC) surged over 1,000% in two months, surpassing Monero and Shiba Inu with a $6.24B market cap. - Whale positions on Hyperliquid show $2.03M gains vs. $6.75M losses, reflecting high-stakes speculation. - Halving anticipation and 30% shielded ZEC adoption drive bullish sentiment amid rising institutional demand (Grayscale’s $137M ZEC Trust). - Influencers predict $10K price targets, but market volatility persists ahead of halving with traders balancing bullish and bearish bets.
Over the past two months, Zcash (ZEC) has skyrocketed by more than 1,000%, reaching $383 and overtaking Monero and
One major whale on Hyperliquid is holding a 5x leveraged long position of 21,978.9 ZEC, bought at an average of $327.47. This trade has brought an unrealized profit of $2.03 million, representing a 110.59% ROI, according to
The current long/short ratio for ZEC is 1/1.92, with 65.72% of traders betting against the price, according to CryptoTimes. This bearish outlook stands in contrast to ZEC’s recent 200% rally over the past month, which has been driven by excitement over its upcoming halving in November 2025. The halving event, which cuts mining rewards in half, has historically led to price increases due to reduced supply. Meanwhile, adoption of Zcash’s shielded transactions is on the rise, with 4.9 million ZEC—about 30% of all coins—now held in private wallets, CryptoTimes noted.
On-chain data further illustrates the market’s turbulence. A whale known as 0xC385 deposited $3 million in
The ZEC rally has also attracted attention from well-known figures. Influencers such as Arthur Hayes, formerly of BitMEX, have expressed optimism about ZEC’s future, with some even forecasting a $10,000 price, according to CryptoTimes. Institutional interest is also climbing, with Grayscale’s ZEC Trust now managing $137 million in assets, CryptoTimes reports. Alongside these developments, ZEC’s interoperability has improved, with Unichain recently enabling ZEC bridging, as highlighted by
As the halving approaches, the tug-of-war between bullish enthusiasm and bearish caution is likely to shape ZEC’s next moves. For now, the market remains highly competitive, with both whales and retail traders experiencing dramatic wins and losses on Hyperliquid’s leaderboard.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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