ZEC Whale Sits on Nearly $10M in Unrealized Profit

A major Hyperliquid wallet is sitting on one of the standout ZEC trades of the rally.

The wallet is currently long ~9,814 ZEC, worth roughly $15.06M, with an average entry near $517.68.

With ZEC around $1,535 in the latest snapshot, the position shows approximately +$9.98M in unrealized profit — nearly +1,965% on margin.

Wallet:
0x382bf59b250a3167a8b86862c2c56cd870353e39

The account also holds a sizeable ETH short and several smaller positions, meaning the ZEC long is part of a broader derivatives portfolio rather than an isolated bet.

Still, the position highlights the scale of Zcash’s recent move: a ZEC long entered around $518 is now sitting on an eight-figure paper gain.

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