Hyperliquid Sees $14.1 Million ZEC Short: Unrealized Profit Plummets from $3.3 Million to $300K, Multi-Strategy Maniac Exposed

[Crypto World] On December 5th, a bold player pulled off a heart-pounding move on Hyperliquid.

This “biggest ZEC short” hasn’t been having a good time lately—ZEC has been surging, and his short position entry price has been pushed right up to his nose. In the past hour, this guy gritted his teeth and threw another $1.72 million into his ZEC short, bringing his total position size up to $14.1 million. To make matters worse, his unrealized profit cushion has shrunk from over $3.3 million yesterday to just $300,000 now, and his average entry price has been forced down to $412.

Looking through this address’s trading history, it’s almost legendary. When he first shorted ZEC on October 10th, the price was just $184. He kept averaging down, eventually pushing his average entry up to $419. On October 17th, things were at their worst—his unrealized loss hit as high as $21 million. That takes some serious nerves.

But this whale isn’t just clinging to ZEC shorts. He’s also shorting ETH, ZEC, MON, and HYPE simultaneously. His real money-maker is actually the ETH short. Although his unrealized profit recently dropped by about $3 million, he’s still sitting on $6.22 million in profits (a 194% return) with a position size of $48.05 million and an average entry of $4,014.

The boldest move is his recent MON short—he went in with 3x leverage, building a $5.72 million position. Now he’s up $2.26 million (118% return), snagging the title of biggest MON short on Hyperliquid. This multi-front battle shows he’s got nerves of steel.