ZEC Drops 8.5% Intraday, Hyperliquid Whale Liquidated for $1.48M on May 26

According to Hyperinsight, Zcash (ZEC) declined 8.5% intraday on May 26, with prices touching a low of $620. The selloff triggered successive liquidations of a large whale's long positions on Hyperliquid, resulting in cumulative liquidations of approximately $1.48 million.

The address repeatedly entered long positions at high leverage during ZEC's decline, accumulating 2,403 ZEC at an average entry near $649 (representing a 4.56% pullback from the intraday peak) before breaching its liquidation line. The position recorded losses of approximately $86,000.