Trader nets $5.65M unrealized profit by pyramiding ZEC longs on Hyperliquid

An anonymous trader is holding approximately $5.65 million in unrealized profits from a Zcash (ZEC) long position on Hyperliquid by pyramiding their gains, EmberCN reported. According to the report, the trader has been continuously using unrealized profits to open additional long positions. The trade was initiated five days ago at an average entry price of $410. The position has since grown to 55,000 ZEC, with the current average entry price at $513.5 and a liquidation price of $500.8. Meanwhile, ZEC has been on a sustained rally since September, rising over 270% in the past month. According to CoinMarketCap, ZEC is currently trading at $619.27, up 11% on the day.