Hyperliquid Trader Loracle Increases ZEC Long Position as Price Plunges

A well-known Hyperliquid trader, Loracle, saw unrealized losses on a ZEC long position deepen during a sharp price drop and continued adding to the position despite the decline. According to BlockBeats On-chain Detection, monitoring by Hyperinsight showed the address repeatedly rolled and increased its long exposure, buying down to around 250, lowering the average entry price from above 500 to 354. After averaging down, the position size rose to 10.8 million, totaling a long of 34,800 ZEC, making the address the largest ZEC long holder on the Hyperliquid platform. As of publication, the ZEC long showed an unrealized loss of 1.6 million (-130%) and the trader was still increasing the position. The same address also holds long positions in several other tokens, including HYPE, ZEC, and WLD. Overall long exposure in the account totaled 34.6 million, with an unrealized loss of 4 million. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae