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ZEC surges to $590, on-chain trader Loracle's long positions profit over $6.6 million
BlockBeats News, May 6th, according to Hyperinsight monitoring, ZEC has surged again in the past hour, with the price on Hyperliquid temporarily reported at $590, a 24-hour increase of 40%. The biggest beneficiary of this round of market movement is on-chain trader Loracle, whose long position unrealized profit has continued to grow with the market, reaching $6.6 million as of press time.
It is reported that this position was opened two weeks ago (April 24th) with 10x leverage, when ZEC was only around $340. Since then, the position has been rolled over and increased, with the long position size gradually rising to $19.6 million, an average price of $387, making it the largest long position on-chain for ZEC, currently not taking profit.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae