Whale Invests $3.62M USDC in 10x Zcash Long on HyperLiquid
- Main event involves a $3.62M deposit into HyperLiquid.
- Zcash funding rate increased due to whale activity.
- Market shows short-term bullish sentiment for Zcash.
A new cryptocurrency wallet, 0x8AAE, deposited 3.62M USDC into HyperLiquid for a 10x leveraged long position on ZEC, identifying a potential market shift on November 11, 2025.
This injection of capital into ZEC highlights intensified trading activity, indicating possible volatility and signaling bullish sentiment among investors, while impacting open interest metrics on HyperLiquid.
A new wallet address 0x8AAE deposited 3.62M USDC into HyperLiquid, aiming to open a 10x leveraged long position on Zcash (ZEC), significantly affecting ZEC’s market interest and liquidity.
This large position involved HyperLiquid’s platform. The wallet 0x8AAE, created on November 9, 2025, is unrelated to major institutional traders. The transaction has not been addressed publicly by HyperLiquid or Zcash executives yet.
The immediate impact observed includes increased ZEC market interest and a funding rate spike. On-chain data confirmed ZEC/USDC perpetual open interest rose by 42% in the last 24 hours, driven by new large positions.
As a direct consequence, ZEC’s price experienced an upward movement. This activity has intensified discussions on the HyperLiquid Discord, although no official statements from SEC or other regulatory bodies have emerged regarding this event.
The whale’s bold strategy has drawn attention from industry experts.
“Large leveraged longs on altcoins like ZEC are a sign of renewed risk appetite. Watch for funding rate spikes and liquidation cascades if the trend reverses.” – Arthur Hayes, Former CEO, BitMEX.Analysts compare this with historical trends, highlighting similar past events where leveraged positions led to price surges. The increased open interest combined with a funding rate spike suggest potential longevity in positive sentiment towards ZEC.
