ZEC Rises 4.81% After Major Investor Increases Long Position with 10x Leverage

ZEC Sees Significant Price Fluctuations and Whale Activity

On December 3, 2025, ZEC experienced a 4.81% price increase within a single day, reaching $330.5. Despite this short-term gain, the cryptocurrency has seen a 27.45% decline over the past week and a 23.38% drop in the last month. However, looking at the bigger picture, ZEC has surged by 482.71% over the past year.

Major Whale Takes Aggressive Long Position on HyperLiquid

Blockchain data has revealed that a prominent investor, often referred to as a "whale," has made a substantial move in the Zcash (ZEC) market. This individual deposited 4.49 million USDC into HyperLiquid, using it to open a 10x leveraged long position at a target price of $333.46. This bold action suggests strong confidence in ZEC’s short-term prospects, even as the asset has shown considerable volatility recently.

Additionally, the whale has placed a buy order at $333.46, indicating a plan to increase their position if ZEC’s price continues to climb. Such a strategy is commonly employed to take advantage of minor price pullbacks in highly leveraged trades. The whale’s activity highlights ZEC’s ability to attract speculative capital, particularly during periods of market uncertainty and shifting liquidity.

Whale Maintains Leveraged Positions in ETH and DYDX Despite Heavy Losses

According to Onchain Lens, this same whale is also holding 20x leveraged long positions in ETH and 5x leveraged longs in DYDX. These trades suggest a broader strategy that involves hedging or scaling into multiple high-liquidity altcoins, even as the overall market sentiment remains bearish.

Currently, the whale’s account is showing an unrealized loss of $1.29 million and a total loss of $2.7 million, reflecting the significant risks associated with high-leverage trading, especially when several positions are exposed to downward price movements at once.

Market Dynamics: Volatility and Leverage Shape ZEC’s Trajectory

ZEC’s recent price movements—rising 4.81% in the past day, falling 27.45% over the last week, and soaring 482.71% in the past year—underscore its highly volatile nature. The whale’s decision to use 10x leverage at $333.46 suggests a belief that the recent bearish trend may be reversing or that ZEC is finding short-term support.

This aggressive approach is mirrored by other large traders on HyperLiquid, who are also adjusting their short positions in BTC, ETH, and ZEC. Such coordinated activity points to a market where major players are constantly repositioning in response to rapid price changes and evolving liquidity conditions.

Institutional Developments: ZEC ETF Filings and Broader Adoption

Grayscale Investments has recently submitted an application to the SEC for a ZEC ETF, joining a growing list of altcoin-focused ETFs such as those for Solana (SOL), Dogecoin (DOGE), and XRP. These new products are expected to make it easier for institutional investors to access ZEC and similar assets, potentially boosting both demand and liquidity over time.

Meanwhile, Chainlink (LINK) has already introduced its first spot ETF, signaling a wider movement toward ETF adoption within the crypto sector. Although ZEC’s ETF is still in the application stage, this development hints at its possible inclusion in future institutional offerings.

Summary: ZEC Remains a Magnet for High-Risk Leverage

The whale’s 10x leveraged long position in ZEC highlights the asset’s appeal to traders seeking to profit from rapid price swings. While the whale’s overall portfolio is currently underperforming, the ZEC trade remains open and could yield gains if the recent upward momentum persists.

ZEC’s 4.81% daily increase stands in stark contrast to its 27.45% weekly decline, emphasizing the asset’s sensitivity to leveraged trading and shifting market sentiment. As the crypto landscape evolves with new ETF products and greater institutional participation, the actions of large traders are likely to remain key indicators of short-term market direction.