ZEC Short on Hyperliquid Turns Profit as Largest ZEC Short Holder Closes ZEC and APT Positions

COINOTAG News, December 1, citing Coinbob Popular Address Monitoring, reports that in the last two hours the largest ZEC short on Hyperliquid has flipped from a loss to a profit, with ongoing exits and profit-taking on ZEC and APT positions totaling roughly $200,000.

The current ZEC short position sits near $23.21 million, down from roughly $30 million a week earlier, with an unrealized profit of about $2.11 million (≈45%) at an average entry price of $419. The same address also holds short stakes in ETH, MON, and HYPE, totaling an unrealized profit near $15 million. Opened on October 10 around $184, it added to the short and weathered a peak floating loss of up to $21 million on October 17. Today, the position is profitable and stands as the largest ZEC and MON short exposure on Hyperliquid.