ZEC Short Position on Hyperliquid Reaches $25M as Whale Keeps Adding; ETH Short Worth $27M with $5.5M Unrealized Profit

COINOTAG News, citing HyperInsight monitoring, reports that the largest ZEC short on Hyperliquid has endured for more than a month. The unrealized loss has narrowed from a peak above $20 million to about $6.5 million, with the opening price at $336 and the current price near $453, implying a notional value approaching $25 million. The address initiated the ZEC short on October 11 and has continued adding as the price advanced, with no closure observed to date. This profile signals a high-conviction, leveraged stance in the Zcash market.

Separately, the same wallet opened a 15x leveraged ETH short position worth $27 million, currently showing an unrealized profit of roughly $5.5 million, with an opening price of $4,094.