Hyperliquid's "Former ZEC Whale" Doubles Down on Long Position, Account's Previous Multi-Million Dollar Unrealized Gain Drops to $1.42 Million

On November 13th, according to Coinbob Popular Address Monitoring (https://t.me/Coinbob_track_CN), in the past 1 hour, the "Former ZEC Largest Long" whale (0x96e) on Hyperliquid has increased its ZEC long position by 5000 coins, bringing the position size up to $7.5 million with an average price of $547. The current price of ZEC is approximately $500. This ZEC whale has been accumulating a long position in ZEC since November 3rd when ZEC was around $380. It used a $2.21 million principal to open a ZEC long position and has been continuously rolling it over. The peak average price reached $555 and the principal doubled to $10.5 million within a week. It was once the largest ZEC long on Hyperliquid, but after the ZEC price decline, it currently ranks second in long positions. Recently, since ZEC dropped below $600, it has been gradually reducing its position by selling off 40,000 coins of ZEC and depositing over $500,000 into Hyperliquid as a reserve. The position size has decreased from $37.01 million to around $5 million, recording a loss of approximately $960,000 and the principal has fallen to $1.42 million.