Derived from TheCCPress, a newly created wallet, 0x8AAE, deposited $3.62 million USDC into HyperLiquid to open a 10x leveraged long position on Zcash (ZEC). Onchain data from Lookonchain and Onchain Lens confirmed the transaction, which has increased open interest and trading activity on Zcash, potentially influencing privacy coin valuations. No known entity is associated with the wallet, and the trade could theoretically expose $36.2 million to the market due to leverage. The activity has sparked increased volume on HyperLiquid and may attract further attention to privacy-focused coins.
New Wallet Deposits $3.62M USDC for 10x Zcash Long Position on HyperLiquid
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