Hyperliquid Whale Holds $11.67 Million Zcash Short With $1.49 Million Gain

A Hyperliquid whale held about 9,563 Zcash (ZEC) in a $11.67 million short position as of the morning of Oct. 9, with an unrealized gain of approximately $1.49 million.

The position used 10x leverage and had an average entry price of about $1,376.60. ZEC’s mark price stood near $1,220.50, leaving the position with a reported return of roughly 113.4%.

The address, identified as 0x880a…311c, reduced its ZEC short in 14 transactions over the previous 24 hours. The reductions totaled about $3.99 million.

The address still held a short position worth approximately $10 million.