ZEC Up 4.81% as Whale Adds 10x Leverage to Long Position

On DEC 3 2025, ZEC rose by 4.81% within 24 hours to reach $330.5, ZEC dropped by 27.45% within 7 days, dropped by 23.38% within 1 month, and rose by 482.71% within 1 year.

Whale Aggressively Adds Capital to ZEC Long on HyperLiquid

Onchain data reveals a major movement in the Zcash (ZEC) market as a large whale deposited 4.49 million USDC into HyperLiquid to establish a 10x leveraged long position at a target price of $333.46. This move signals a strong conviction in ZEC's short-term price direction, despite the asset's recent volatility.

The whale has also opened a buy order at $333.46, suggesting a strategy to scale into the position further if ZEC continues to rise. This approach is typically used to capitalize on limited price retracements in highly leveraged environments. The whale’s actions highlight ZEC's role in attracting leveraged capital, especially amid broader market uncertainty and crypto liquidity shifts.

Whale Also Maintains Leverage in ETH and DYDX, Despite Substantial Unrealized Losses

In addition to ZEC, the whale holds 20x leveraged ETH longs and 5x leveraged DYDX longs, according to Onchain Lens data. These positions reflect a broader bearish bias in the market, with the whale likely seeking to hedge or scale in on multiple high-liquidity altcoins.

However, the account is currently reporting an unrealized loss of $1.29 million and a total account loss of $2.7 million, indicating that the strategy is experiencing pressure from recent price corrections. This underscores the risks inherent in high-leverage trading, particularly when multiple leveraged positions are simultaneously exposed to downward volatility.

ZEC Volatility and Leveraged Activity Highlight Market Dynamics

ZEC’s recent price trajectory—up 4.81% in the last 24 hours, down 27.45% in the last 7 days, and up 482.71% in the past year—illustrates a highly cyclical and volatile asset class. The whale’s use of 10x leverage at $333.46 indicates a belief that the short-term bearish trend may be reversing or that ZEC is finding near-term support.

The whale’s strategy could also be influenced by the broader leverage-driven environment, with multiple top whale accounts on HyperLiquid also adjusting their short positions in BTC, ETH, and ZEC. This collective behavior suggests a dynamic market where large players are actively repositioning based on immediate price cues and liquidity shifts.

ZEC ETF Filings and Institutional Exposure Add Context

Grayscale Investments has recently filed with the SEC for a ZEC ETF, joining a wave of altcoin-focused ETF launches, including Solana (SOL), Dogecoin (DOGE), and XRP. These ETFs are expected to enhance institutional access to ZEC and other altcoins, potentially increasing demand and liquidity in the long run.

Additionally, Chainlink (LINK), another major altcoin, has already launched its first spot ETF, indicating a broader trend toward ETF adoption in the cryptocurrency space. While ZEC does not yet have a listed ETF, the filing process suggests potential inclusion in the next wave of products.

Conclusion: ZEC Attracts Aggressive Leverage Amid Volatility

The whale’s 10x leveraged ZEC position demonstrates the asset’s appeal to high-risk traders seeking to capitalize on short-term price swings. While the whale’s broader portfolio is underperforming, the ZEC long remains active and potentially profitable if the current 24-hour uptrend continues.

ZEC’s recent 4.81% gain contrasts with its 27.45% drop in the last week, underscoring the asset’s sensitivity to leverage and market sentiment. As the crypto market continues to evolve with new products like ZEC ETFs and increased institutional participation, such whale movements are likely to remain key indicators of near-term directional bias.