A Hyperliquid trader known as ‘Evaded’ has booked over $7.5 million in profit from two positions in less than four days, most recently rolling back into the market with a $38.63 million ether long carrying 25x leverage.
On May 22, a high-conviction trader (called Evaded) generated over $7.5 million in unrealized gains from two positions opened less than ninety-six hours ago. His long on 36,875 ZEC, valued at $24.15 million, and a concurrent long on 287,618 HYPE, valued at $20.94 million, have both moved sharply in his favor as both tokens surged this week.
Rather than closing the trades and cashing in the gains, Evaded immediately redeployed the capital, opening a 25x leveraged long on 18,100 ether ( ETH) worth $38.63 million in notional exposure.
The ZEC leg caught a significant tailwind as the privacy-focused cryptocurrency, known for its shielded transaction technology, surged over 30% to a fresh 2026 high in early May after the U.S. Securities and Exchange Commission (SEC) closed its investigation into the Zcash Foundation without recommending enforcement action.
The ruling resolved years of regulatory uncertainty that had weighed on the token and pushed ZEC’s monthly returns past 100%, erasing all of its year-to-date losses in a single session.
