A well-known trader on Hyperliquid, Loracle, increased a leveraged long position in ZEC by $2.26 million, bringing the total ZEC long exposure to $21.77 million. According to BlockBeats On-chain Detection, monitoring by Hyperinsight showed the position was opened at an average price of $362.28 and had an unrealized profit of $3.81 million as of July 2.

Loracle is described as an early contributor to Hyperliquid and the founder of Hypurrfun. The report also noted that Loracle previously recorded monthly profits of $16 million and has at times been the largest long and short holder of HYPE, often maintaining positions ranging from tens of millions to the hundred-million level.