ZEC Extends Rally as Trader Loracle Leads On-Chain Gains on Hyperliquid

ZEC continued to strengthen on July 15, rising about 11.1% over the past 24 hours on Hyperliquid, with trading volume of about $169 million. According to BlockBeats On-chain Detection, ZEC has gained about 37.8% so far this month from $401.42 at the start of July and was last quoted at $553.10. The move again made trader Loracle (0x8de) the largest on-chain winner in this rally. The trader currently holds a 10x fully margined ZEC long position of 49,563.75 tokens, with a notional size of about $27.41 million. The position was built at an average entry price of $362.28 and showed an unrealized profit of about $9.46 million, representing a return of about 526.7%. The account’s funds rebounded by about $6.84 million within the day. The report said the position was accumulated gradually over more than one and a half months. Loracle reopened a base ZEC long position on May 30, then added against the trend during a sharp decline on June 5 to June 6 as negative news weighed on ZEC, expanding the position to 37,661.1 tokens. By June 26, the holding had increased to 49,564 tokens, forming the core position. The address subsequently captured the full upside move in ZEC since the start of July.