BlockBeats News, February 24 — According to Coinbob’s popular address monitoring, “Hyperliquid early contributor Loracle” significantly increased his ZEC long position on February 15 with 10x leverage, attempting to bottom fish. At that time, his position size reached $8.5 million, with an average price of $312, making him the largest on-chain ZEC long.
Ten days later, today, ZEC is temporarily priced at $237, and this position has suffered a loss of 316%. Facing a massive unrealized loss, the address began cutting losses last night and this morning, continuously reducing his ZEC long. As of now, his position size has sharply decreased to $1.14 million, and he is still reducing his holdings.
Loracle (X: loraclexyz), formerly Laurent Zeimes, is active within the Hyperliquid ecosystem and is regarded as one of the early contributors. He is the founder of Hypurrfun and has recently been active in Hyperliquid’s derivatives market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu 658% Jump in Spot Flows as Activity Picks up for SHIB - U.Today
Shiba Inu experienced a 658% surge in spot flows recently, reflecting increased market demand amid a crypto recovery. The current price is $0.000005437, with significant resistance at $0.00000587. Petitions for economic data this week could influence market movements.
UToday1h ago
TARA Price Surges 11.84%: Traders React to Network Activity
TARA's price surged by 11.84% in five minutes, currently trading at $0.000116 with a significant trading volume. Analysts suggest increased network activity and interest from new investors are driving this momentum, affecting broader market trends. Traders are monitoring key support and resistance levels.
Coinfomania1h ago
Today’s top 100 cryptocurrencies by market cap: DeXe up 16.50%, Kite down 5.98%
On March 9th, among the top 100 cryptocurrencies by market cap, DeXe had the largest increase, rising 16.50%; while Kite experienced the largest decline, dropping 5.98%. The overall market fluctuated repeatedly, with significant changes in token prices.
GateNews1h ago
Bitcoin breaks through $69,000! ETH surpasses $2,000, with $375 million in liquidation over the past 24 hours, both longs and shorts exploding.
On the evening of March 9, Bitcoin broke through $69,000, and Ethereum surpassed $2,000, signaling a market sentiment rebound. However, at the same time, 92,031 traders worldwide faced liquidations, totaling $374.9 million, affecting both bullish and bearish traders.
動區BlockTempo3h ago
BTC breaks through $69,000, with an intraday increase of 2.57%
Gate News Report: On March 9, BTC price broke through $69,000, with an intraday increase of 2.57%.
GateNews3h ago
BTC Breaks Through 69,000 USDT
Gate News bot message, Gate market display, BTC breaks through 69,000 USDT, current price 69,013.4 USDT.
CryptoRadar3h ago
