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COINOTAG News, in a November 16 briefing, cites on-chain analyst Ai Mama (@ai_9684xtpa) as noting that the address 0x7b7…2734e opened a 10x leveraged short on ZEC about 16 hours ago. The stake comprises 31,015.92 ZEC, estimated near $21.43 million, ranking as the second-largest short position on Hyperliquid ZEC with an unrealized loss of roughly $1.177 million.
Additionally, the same wallet reportedly holds a substantial BTC short around $149 million and an XRP short near $27.83 million, pushing total short exposure toward $198 million. The aggregate unrealized loss stands close to $1.22 million, signaling notable risk concentration.
This on-chain snapshot highlights how singular address activity can influence niche liquidity venues while underscoring that positions are dynamic and subject to market volatility. All data derive from public analytics and COINOTAG’ coverage, lending credibility to the report.
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