New Address Aggressively Positions in ZEC with 10x Leverage, Holding Surpasses 1300 Coins

On January 13, blockchain monitoring firm OnchainLens reported significant trading activity involving a newly created wallet. The address deposited $3.6 million in USDC on HyperLiquid and used 10x leverage to open a long position in ZEC.

The entry price was $407.4908, with the position size reaching 1,322.89 ZEC, signaling strong bullish sentiment. Notably, the wallet also placed additional buy orders in the $400–$401 price range, indicating a strategy to increase exposure.

This move demonstrates the trader’s confidence in ZEC’s near-term outlook. Analysts suggest that if ZEC can stabilize above $400, it may trigger a fresh rally, making this leveraged position a key market indicator to watch.