Whale Profits $1.25M by Closing ZEC Long Position

A whale identified as address 0x6EF9 closed a long position in Zcash (ZEC) on November 9, 2025, earning $1.25 million through the trading platform Hyperliquid.

The whale’s transaction highlights significant market interest and potential volatility in ZEC trading, with possible impacts on privacy coin dynamics.

The anonymous whale associated with address 0x6EF9 completed a significant trade in Zcash (ZEC), realizing a profit of $1.25 million. This trade happened on the platform Hyperliquid and was observed by analytics group @lookonchain.

On-chain address 0x6EF9 closed a ZEC long built via limit orders, realizing a $1.25M profit. Source

The whale closed its long position of 20,800 ZEC using limit orders. Zcash, a prominent privacy coin, briefly stabilized before seeing an increase in volatility. The move underscores the influence large transactions can have on market dynamics.

The whale’s transaction did not affect the Zcash Foundation or its treasury directly. However, it caused a shift in open interest and liquidity on Hyperliquid. Notably, the event didn’t impact other major cryptocurrencies, such as ETH or BTC.

Financial markets reacted by stabilizing briefly before volatility rose. An influx of capital following the whale’s exit points to the robust interest in ZEC and other privacy coins, potentially influencing market behavior in the short term.

Trading interest in privacy coins like ZEC, DASH, and XMR has increased, highlighted by recent whale activities. Such trades can lead to volatility spikes or market cool-offs, observed in prior similar events involving large profit swings.

Expert analysis and historical data suggest that while no official regulatory updates have been made, community discussion focuses on volatile speculative trading. Future regulatory interest might arise if such transactions suggest systemic risks.