TechFlame reports that on December 1st, according to on-chain analyst Onchain Lens (@OnchainLens), due to ZEC trading below $370, a major holder deposited 1.5 million USDC into Hyperliquid to prevent the liquidation of their ZEC (10x) long position.

Currently, this whale is facing a floating loss of $4.28 million, with a total loss amounting to $6.6 million.