A whale shorted ZEC worth approximately $21.43 million short 10x leverage, and is currently experiencing a paper loss of $1.177 million.

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According to Mars Finance, on November 16th, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that address 0x7b7...2734e opened a 10x short position in ZEC 16 hours ago, currently holding 31,015.92 ZEC tokens (approximately $21.43 million), making it the second largest short position in Hyperliquid's ZEC portfolio. The current unrealized loss is $1.177 million. In addition, the account also holds $149 million worth of BTC short positions and $27.83 million worth of XRP short positions, bringing the total short position to $198 million, with a total unrealized loss of $1.22 million.

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