On Hyperliquid, the "Largest ZEC Short" has been persistently shorting ZEC since it was at $180, with unrealized losses now exceeding $21 million.

BlockBeats News, November 17th, according to Coinbob Popular Address Monitor data, the largest ZEC short position (0xd47) on Hyperliquid has suffered a floating loss of $21.75 million (approximately 245%), compared to last week: the position size has increased from $29.26 million to $43.20 million, the floating loss has expanded by about $7 million, the average price has risen from $294 to $360, and the liquidation price is $1111.

The address entered a short position on ZEC on October 10th at an opening price of around $184 and has since consistently added to the short position, with the current total nominal value of the account at around $74.35 million.