On-chain whale opens $9.57M leveraged ZEC long with take-profit up to $740.

A tracked on-chain trader identified as 0x535e has opened a 10x leveraged long on 17,137 ZEC, worth approximately $9.57 million, over the past three hours on a perpetuals venue. The position carries a liquidation price of $537.56, leaving a relatively tight margin below current levels.

The trader has stacked take-profit limit orders ranging from $545.19 to $740.37. A full run to the upper target would net the position roughly $7.6 million in profit — a 79% gain from the entry zone. Whether the bid is directional conviction or a short-term momentum play, the size is large enough to register as a meaningful signal in ZEC's thinly traded perp market.

Source: [HypurrScan Beta](https://hypurrscan.io/address/0x535e34b5ada64997afc88444271ae9b3f82b3867#perps)