Hyperliquid Contributor Faces Significant Losses on ZEC Leverage

On February 24, according to BlockBeats, Coinbob's popular address monitoring revealed that 'Hyperliquid early contributor Loracle' initiated a significant leveraged position on ZEC on February 15, using 10x leverage in an attempt to capitalize on a price dip. At that time, the position reached a size of $8. 5 million, with an average price of $312, making it the largest long position on ZEC on the blockchain. Ten days later, ZEC is currently priced at $237, and the position's loss has expanded to 316% source: https://www.binance.com/en/square/post/294952228607217?utm_source=BinanceNewsRSS