Whales buy ETH, open 10x ZEC long; a16z wallet adds HYPE

On-chain and transaction-flow data show three large crypto accounts added positions while key daily technical levels held. A wallet holding about 131,000 ETH purchased 5,001 ETH at roughly $2,119, a trade worth about $10.6 million. The order was split across multiple CoW Protocol settlements. The same address realized about $1.09 million in profit on a trade last month.

Ethereum has traded inside an ascending parallel channel since Feb. 6 and is testing the channel’s lower band near the 0.236 Fibonacci retracement at about $2,144. The daily Relative Strength Index is near 35 and the Bollinger Band Width Percentile shows rising volatility. Technical reference points include the 0.382 Fibonacci level near $2,385 and a lower support zone around $1,920 if the channel is lost.

Wallet 0x8652 opened a 10x perpetual long on 36,875 ZEC, a position valued at about $19.68 million executed over a three-hour window. The reported liquidation price for that position is about $494.55, roughly $39 below the 0.618 Fibonacci retracement at $533, which was the late-December 2025 swing high and currently serves as near-term support. ZEC’s daily RSI is near 60 and volatility measures have contracted. Technical references above the current zone include the 0.786 retracement at about $630 and a wider level near $750; a lower reference sits near the 0.382 retracement around $400.

An account identified as linked to a16z, under the address 0xb5E4, bought roughly 372,000 HYPE over about three hours for roughly $16.91 million. Cumulative buying from that address since April 14 totals about 2.11 million HYPE, equivalent to around $90.87 million. Transaction-flow records show withdrawals of HYPE from Bybit and OKX hot wallets followed by transfers into a separate holding address. HYPE is testing the 0.618 Fibonacci retracement at $44.50; the next resistance level is $50 and the all-time high is $59.30. Daily volume contracted through the base before a recent rise in Bollinger Band Width Percentile, and the RSI sits near 60.

On-chain data also shows wallet 0x8652 holds a concurrent 10x cross long on 89,200 HYPE with an entry near $45.67, making that address a major participant in both ZEC and HYPE positions. The reported liquidation price for the ZEC position is about $494.55.