COINOTAG News, citing Onchain Lens analytics, reports a whale moved $2.46 million in USDC into the HyperLiquid platform and established a 3x leveraged short on ZEC (Zcash). The notional exposure covers 14,000 ZEC with an entry price of $410.20, and a calculated liquidation price of $810.37.

The position shows an unrealized profit of about $97,000 to date. This case underscores ongoing whale activity and risk-managed dynamics in DeFi derivatives tied to ZEC. Investors should watch for margin developments, liquidity depth on HyperLiquid, and funding signals that could affect mark-to-market valuations and potential exit levels.