CZ’s Nemesis Whale Becomes Largest Ethereum (ETH) Long Holder on Hyperliquid Despite $18.8M Unrealized Loss

According to on-chain analytics from CoinBob on November 24, the wallet known as “CZ’s Nemesis” (0x9ee) shows about $18.8 million in unrealized losses on its ETH long, with a $148 million exposure and an average entry at $3,201. The liquidation trigger sits near $2,443. The same address also carries a substantial XRP long, around $80.3 million with an average price of $2.29 and unrealized losses near $8.6 million. The data highlight elevated risk in a volatile market.

Earlier, the holder added ASTER exposure on November 2 after CZ’s cue, then boosted a 3x leveraged ASTER short to become the largest ASTER short holder. The short was closed to break-even on the 17th, then shifted to ETH longs. A partial liquidation on November 21 generated about $7.3 million in losses, but the account remains the largest ETH and XRP long on Hyperliquid.