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The latest movements of the ZEC long TOP1 address on Hyperliquid are attracting attention — unrealized gains have already reached $4.949 million!
This major holder controls 48,000.89 ZEC, with a total value of $24.62 million. Based on the opening price of $409.87, he has been in the position for some time. He has already paid $80,000 in funding fees and still holds firm. On December 15th, there was an additional position increase, and he even withstood the risk of ZEC dropping to $371, without cutting his position.
Such a strong holding conviction is indeed intriguing. With this level of unrealized gains, he continues to hold on tightly, indicating that this major holder has an unusual outlook on the market. It’s just unknown at which price level he will choose to realize these nearly $5 million gains. The market is still watching his next move.