A significant short position on Hyperliquid, referred to as the “Largest ZEC Short,” has been consistently shorting ZEC since its price was $180. This position has now accumulated unrealized losses that exceed $21 million. The trader behind this short has maintained their stance despite the substantial financial impact. The ongoing losses highlight the volatility and risks associated with trading ZEC. As the market fluctuates, the future of this short position remains uncertain.
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