Spotted an interesting whale position: last night, someone went 1x long on $ZK on HL, with a position worth around $1.2 million and roughly $2 million USDC still sitting in the account.
The timing was intriguing. That morning, Vitalik had just posted congratulations to the ZKsync Airbender team, saying the zkEVM “race for speed” was over and that security would be the next focus.
This account is probably HL’s largest $ZK bull, but with only 1x leverage, it looks less like speculation and more like a large-scale, spot-style position. It’s worth digging into the logic behind the trade.
An account linked to this one built a spot position worth around $1.3 million in $ZK near $0.01 in early July. It’s currently sitting on over $500,000 in unrealized profit (more than 70%).
$ZK has roughly doubled in the past 30 days, and attention is just starting to pick up. This move is driven mainly by whale activity, so it’s worth keeping an eye on.
The timing was intriguing. That morning, Vitalik had just posted congratulations to the ZKsync Airbender team, saying the zkEVM “race for speed” was over and that security would be the next focus.
This account is probably HL’s largest $ZK bull, but with only 1x leverage, it looks less like speculation and more like a large-scale, spot-style position. It’s worth digging into the logic behind the trade.
An account linked to this one built a spot position worth around $1.3 million in $ZK near $0.01 in early July. It’s currently sitting on over $500,000 in unrealized profit (more than 70%).
$ZK has roughly doubled in the past 30 days, and attention is just starting to pick up. This move is driven mainly by whale activity, so it’s worth keeping an eye on.