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Zcash Surges to $618, Up 8% in 24 Hours; Trader Loracle's Long Position Gains $7.7M

Price Volatility

2026-05-09 02:53:50

ZEC-1.41%

According to ChainCatcher, Zcash (ZEC) surged to $618 on Hyperliquid earlier today (May 9), up 8% in 24 hours, according to Hyperinsight monitoring data. The largest beneficiary is on-chain trader Loracle, whose long position floating gains have reached $7.7 million. The position was opened on April 24 at 10x leverage when ZEC was around $340, with continuous rollover and position increases. Loracle's long position now stands at 20.7 million ZEC with an average entry price of $387, making him the largest ZEC long holder on-chain. The position remains open without profit-taking.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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