New Wallet Makes $6.27M USDC Deposit on HyperLiquid for ZEC Long Position

GateNews
ZEC5,42%

Gate News bot message, A fresh cryptocurrency wallet has taken a significant market position by depositing $6.27 million USDC into HyperLiquid exchange. The wallet proceeded to initiate a long position order for ZEC at $504 per token.

The transaction marked the wallet’s first major activity on the platform, demonstrating substantial capital deployment in the ZEC market.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Circle Issues Additional 1 Billion USDC in 24 Hours

Gate News message, Circle(@circle) has issued another 1 billion USDC in the past 24 hours. According to Lookonchain, Circle(@circle) issued another 250 million USDC 4 hours ago. Over the past month, Circle has issued a total of 10.25 billion USDC on Solana.

GateNews3h ago

Circle CEO plans to visit South Korea next week to meet with banks and exchanges, pushing for USDC adoption

Circle CEO Jeremy Allaire plans to visit South Korea in April to meet with executives from multiple banks and exchanges to discuss USDC use cases, international payments cooperation, and its KRW stablecoin plans, with the goal of expanding USDC’s use in the Korean market.

GateNews7h ago

Circle accelerates minting of 3.25B USDC, breaking Solana's weekly record

In early April, Circle minted $3.25 billion USDC on the Solana blockchain, setting the largest single-week issuance record since 2026, indicating rising DeFi activity and demand for institutional capital inflows. As a liquidity medium, USDC supports trading and lending across the Solana ecosystem, and its huge coin-minting volume also underscores Solana’s important role in stablecoin settlement. Analysis suggests that the flow of funds will affect market impact strength.

MarketWhisper15h ago

Several Korean financial institutions are piloting stablecoin payments through foreign users, laying the groundwork for infrastructure in advance

Due to delays in the legislation of the Digital Asset Basic Act, several financial institutions in South Korea have launched stablecoin payment services for foreign users, building infrastructure. Industry analysis says that such services are like a “regulatory sandbox,” helping companies validate their business models.

GateNews15h ago

Circle Redeems $550M USDC on Solana in 12 Hours, Issues $10.19B in Past Month

Gate News message, Circle redeemed $550 million USDC on Solana within a 12-hour period. Over the past 30 days, Circle has issued $10.19 billion in USDC on the Solana blockchain.

GateNews16h ago

Polymarket Major Upgrade: Phasing Out USDC.e, Launching Native Collateral Tokens

The prediction market platform Polymarket will undergo a full rebuild, launching a new collateral token, “Polymarket USD,” to replace the existing USDC.e, in order to enhance its control over the settlement layer and comply with regulatory requirements. The upgrade will affect users’ trading workflows: ordinary users can complete the conversion automatically, while advanced users must do it manually. This move is intended to strengthen management of market manipulation and to promote a shift toward compliance.

MarketWhisper17h ago
Comment
0/400
المحمديvip
· 2025-11-08 21:58
2025، الانطلاقة الكبرى 👊
Reply0
Celebrationvip
· 2025-11-08 12:07
$6.27M ZEC long Clearly someone’s bullish on privacy coins. Watching how this plays out on HyperLiquid
Reply0