The Quietest Conviction Trade on $ZEC Right Now😳.

There’s one ZEC long on Hyperliquid that’s quietly stealing the spotlight, and it didn’t get there overnight. This wallet is currently ranked TOP1, is sitting on more than $4.7 million in unrealized profit, and the calm behind it all is almost unsettling.

This trader is holding just over 48,000 #zec , a position now worth roughly $24.4 million, with an average entry around $409.8. What stands out isn’t just the size, it’s the patience. This position has been open long enough to rack up over $81K in funding fees, and the last add came back on December 15. Since then, #ZEC dipped all the way to $371… and nothing happened.

That kind of drawdown tests conviction. And yet, the position stayed intact.

Even now, there’s plenty of breathing room. The liquidation level sits way down at $236, far from current prices, suggesting this wasn’t a reckless chase, it was structured, thought through, maybe even boring in the best way.

The only real question left is timing. At what price does this trader decide the job’s done? Hard to know. For now, the position just sits there, slowly compounding pressure on anyone who doubted the move.

Anyways the wallet is here:
0x6b26f66f460fd173b009d0c7a478ca400470e03f

We think: Some trades shout. This one just waits.