Mysterious Whale Profits $1.25M from Zcash Long Position

A massive cryptocurrency transaction involving a mysterious whale has sent ripples through the digital asset market, highlighting the growing significance of decentralized exchanges in institutional trading. On November 9, 2025, address 0x6EF9 closed a substantial Zcash long position on the Hyperliquid exchange, earning an estimated $1.25 million. This move resulted in a notable 11.5% price surge for ZEC within just 24 hours.