ZEC Largest Short on Hyperliquid Reverses into Profit, Realizing Over $5 Million

COINOTAG News, citing Coinbob’s Popular Address Monitor on December 2, shows the largest ZEC and MON short near profit after yesterday’s reversal. The net size fell from $23.21 million to $9.88 million, with realized gains surpassing $5 million and unrealized profit around $2.43 million (125%).

Opened Oct 10 at about $184, the ZEC short was scaled in to an average near $419. By Oct 17, the position carried a floating loss peak near $21 million, producing an approximate $3 million drawdown.

Current monitoring shows a multi-asset short stance: ETH, ZEC, MON, and HYPE, with ETH shorts delivering the bulk of the profit—about $9.52 million floating on roughly $22.16 million exposure at $4,014. A new 3x MON short around $6.14 million yields $1.82 million unrealized gain (≈89%), and remains the largest ZEC/MON short on Hyperliquid.