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Whale Evaded Opens $24 Million Leveraged Longs in ZEC and HYPE

According to Onchain Lens, Whale Evaded opened 10x leveraged long positions in ZEC and HYPE on May 18, with one report citing a 180,000 HYPE position and a $32.8 liquidation level.

HYPE
ZEC

Summary

Onchain Lens reported that Whale Evaded opened 10x leveraged long positions in ZEC and HYPE on May 18, with the combined positions valued at $24 million. One report said the trader held 36,875 ZEC and 87,000 HYPE, while another described a 180,000 HYPE long position worth $7.78 million with a liquidation price of $32.8. The discrepancy in reported HYPE position size remains unclear, but both reports indicate substantial leveraged exposure and elevated liquidation risk if prices move against the trader.

Terms & Concepts
  • Long position: A trade that profits if an asset’s price rises, and loses value if the price falls.
  • Leverage: Borrowed exposure that increases the size of a trade relative to posted capital, magnifying both gains and losses.
  • Liquidation price: The price level at which an exchange can automatically close a leveraged position to prevent further losses.