ZEC Price Surges to $618, Trader Loracle's Long Position Profits $7.7M

2026-05-09 10:56

Zcash (ZEC) has experienced a significant price increase, reaching $618 on Hyperliquid, marking an 8% rise in the past 24 hours. This surge has notably benefited on-chain trader Loracle, whose long position has seen unrealized profits soar to $7.7 million. Loracle initiated this position on April 24 with 10x leverage when ZEC was priced around $340. Since opening the position, Loracle has incrementally increased the long position size to $20.7 million, with an average entry price of $387. This makes it the largest on-chain long position for ZEC, with no profits taken yet. The trader's address is 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae.

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