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With ZEC falling 9% today, a whale who recently went long on both spot and futures ZEC suffered a loss of $5.84 million. In the spot market, the whale spent $31.78 million to buy 25,000 ZEC over the past four days, at an average price of $1271, and is currently experiencing a paper loss of $3.26 million. In the futures market, the whale simultaneously opened a long position of 18,900 ZEC on Hyperliquid at $1378, but closed the entire position after ZEC fell below $1200 early this morning, incurring a loss of $2.58 million.