A whale shorted ZEC worth approximately $21.43 million short 10x leverage, and is currently experiencing a paper loss of $1.177 million.
AI Summary1 min read
TL;DR
A whale shorted ZEC with 10x leverage, holding $21.43M in ZEC and total shorts of $198M. The position has an unrealized loss of $1.177M for ZEC and $1.22M overall.
Tags
ZcashZero Knowledge ProofsPrivacyLayer 1whaleshort positionZECleverageunrealized loss
According to Mars Finance, on November 16th, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that address 0x7b7...2734e opened a 10x short position in ZEC 16 hours ago, currently holding 31,015.92 ZEC tokens (approximately $21.43 million), making it the second largest short position in Hyperliquid's ZEC portfolio. The current unrealized loss is $1.177 million. In addition, the account also holds $149 million worth of BTC short positions and $27.83 million worth of XRP short positions, bringing the total short position to $198 million, with a total unrealized loss of $1.22 million.