ZEC faces panic selling and a one-sided decline, market maker Auros Global suffers more than $8.5 million in long position losses
BlockBeats reported on June 5 that, according to Hyperinsight monitoring, possibly affected by the ongoing discussions around the feasibility of “infinite minting”, ZEC experienced panic-driven sell-offs in the afternoon, resulting in a one-sided decline. Hyperliquid well-known market maker Auros Global was forced to take on a large long position during the price drop, now holding $10.5 million in long positions, with unrealized losses once expanding to $8.5 million (-450%).
As of press time, the total holdings at the Auros Global market making address reached $46.2 million, providing liquidity for 99 tokens. Recently, this address has significantly reduced the range of tokens it makes markets for, and the total holdings have also decreased.
Address: 0x023a3d058020fb76cca98f01b3c48c8938a22355
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