PANews reported on December 1 that, according to Lookonchain monitoring, a trader with address 0xCF90 went long on 20,386 ZEC (Zcash) nine days ago at a cost of approximately $7.3 million, and is currently experiencing a floating loss of over $4.4 million.

To avoid liquidation, the trader deposited an additional $1.5 million in USDC as margin into the Hyperliquid platform two hours earlier.