ZEC Price Rises 22% as On-Chain Open Interest Surges, Largest ZEC Short Reaches $163M and Whale 3x Long at $32.2M

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As of December 29, HyperInsight notes a sustained uptick in the ZEC price, up about 22% since December 27. The Hyperliquid market shows a sharp rise in ZEC open interest, with large on-chain bets in both directions expanding. The ZEC Largest Short address has added to its short exposure, now around $19.84 million at a $417 average, with an unrealized loss near $4.5 million (-113%). This address has traded ZEC shorts since October, trimming from $16.5m to $9.1m on December 17, and then resuming. Aggregate short exposure across ETH, ZEC, MON rose from $113m to $163m, marking it as a key short holder among the trio.

Meanwhile, a whale known as 0x6b2 lifted its 3x leveraged long toward $520 yesterday. The ZEC long sits near $32.2 million with a $431 average, and a floating profit around $6.5 million (roughly 60%), ranking as the largest ZEC long position.