A whale went short with 10x leverage on around $21.43 million worth of ZEC, and is currently facing an unrealized loss of $1.177 million.

BlockBeats News, November 16th. According to on-chain analyst Ai Mama (@ai_9684xtpa), the address 0x7b7...2734e opened a 10x short position on ZEC 16 hours ago. The current position holds 31,015.92 ZEC (approximately $21.43 million) and is the second largest short position on Hyperliquid ZEC. The position is currently at a unrealized loss of $1.177 million.

In addition, the address also holds a $149 million BTC short position and a $27.83 million XRP short position. The overall short position of the account amounts to $198 million, with a total unrealized loss of $1.22 million.