A whale stopped its losses on ZEC and then went long on HYPE, with a position valued at approximately $16.6 million.

CoinFeed reported on May 27 that, according to Onchain Lens monitoring, a whale closed out its long position in ZEC, incurring a loss of over $1.2 million. Subsequently, the whale opened a new long position in HYPE, buying 263,356 HYPE tokens with 10x leverage, with a position value of approximately $16.6 million.