Zcash Market Cap Overtakes Monero, Boosting HyperLiquid Whale Profits

Zcash Market Cap Overtakes Monero, Boosting HyperLiquid Whale Profits

On-chain data shows the largest ZEC long on HyperLiquid, opened with 5x leverage, now holds $2.03M in unrealized profit amid sustained price growth.

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Fact Check
The evidence overwhelmingly supports the statement that Zcash's market capitalization surpassed Monero's. There is a high degree of consistency across multiple, independent, and authoritative sources.High-authority news outlets like Cointelegraph and Yahoo Finance explicitly and directly reported on this event, referring to it as Zcash "flipping" or "surpassing" Monero to become the top privacy coin. Multiple sources provide specific, corroborating figures for the market capitalizations at the time of the event, with one Yahoo Finance article citing Zcash at $6.03 billion and Monero at $5.95 billion, a detail echoed in a social media post.The claim is further substantiated by reporting from other cryptocurrency-focused publications like ForkLog and data from exchanges like CoinEx, which, despite a likely numerical typo in its summary data, is reported to confirm the directional flip. The only irrelevant source is a future price prediction page.There is no contradictory evidence presented in the sources. The sheer volume and quality of the consistent, direct evidence from credible financial and crypto-native media make it highly probable that this event occurred.
Summary

On Nov. 1, on-chain analyst Ai Yi reported that the largest ZEC long position on HyperLiquid achieved $2.03 million in unrealized profit. The whale holds 21,978.9 ZEC at an average entry price of $327.47, using 5x leverage, resulting in a 110.59% return. This trade remains the top ZEC long on the platform and follows previous reports of multimillion-dollar leveraged gains as Zcash’s market capitalization recently overtook Monero’s. Meanwhile, a major whale short continues to face significant unrealized losses.

Terms & Concepts
  • ZEC: Ticker symbol for Zcash, a privacy-focused cryptocurrency.
  • HyperLiquid: A decentralized perpetual futures exchange for cryptocurrency trading.
  • Leveraged Long Position: A trading strategy using borrowed capital to increase exposure to an asset's potential price gains.