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Trader nets $7.5M on ZEC and HYPE, then opens $38.6M ETH long at 25x leverage

Market News
22 May 2026
Bitcoin
View Source
Bullish
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A trader named 'Evaded' earned over $7.5 million in under four days from long positions in ZEC and HYPE tokens, benefiting from ZEC's 30% surge after the SEC ended its probe and HYPE's rally following a new ETF launch. Instead of cashing out, the trader opened a highly leveraged $38.63 million long position on Ethereum (ETH) at 25x leverage, which risks automatic liquidation if ETH's price drops about 4%. This move shows confidence but also high risk, as a market downturn could quickly wipe out gains.

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