ZEC Whale Nets $1.25M Profit; New Wallet Deposits $3.54M USDC at $508.5
On November 9, whale wallet 0x6EF9 closed its ZEC long position on Hyperliquid, booking a $1.25 million profit. Shortly before, this wallet had deposited 6.27 million USDC and placed a limit buy order at $509.5, acquiring 20,833 ZEC. Meanwhile, a new whale wallet 0x089f funded 3.54 million USDC on the same platform and set a fresh ZEC limit buy at $508.5. The exit by wallet 0x6EF9 introduces potential short-term selling pressure, while 0x089f’s deposit signals continued demand and establishes support around $508. Traders should monitor Hyperliquid order books at key price levels for increased liquidity and volatility in ZEC.
Neutral
The profit-taking by whale 0x6EF9 introduces near-term selling pressure on ZEC. However, the new wallet 0x089f’s deposit of 3.54 million USDC and limit buy at $508.5 underscores sustained demand and establishes a clear support level. Historically, whale accumulation signals bullish momentum, but the concurrent exit tempers upward moves. The balanced signals suggest limited directional bias. Traders should watch the $508 order-book level for guidance.