Key Takeaways:
A whale accrued $7.5M in under 4 days from ZEC and HYPE longs on Hyperliquid.ZEC’s 30% surge followed the SEC closing its Zcash Foundation probe, erasing 2026 losses in days.The trader’s new 25x ETH long at $38.63M faces automatic liquidation on a roughly 4% adverse price move.On May 22, a high-conviction trader (called Evaded) generated over $7.5 million in unrealized gains from two positions opened less than ninety-six hours ago. His long on 36,875 ZEC, valued at $24.15 million, and a concurrent long on 287,618 HYPE, valued at $20.94 million, have both moved sharply in his favor as both tokens surged this week.
The ruling resolved years of regulatory uncertainty that had weighed on the token and pushed ZEC’s monthly returns past 100%, erasing all of its year-to-date losses in a single session.
Doubling Down With A $38.6M Leveraged ETH Bet
