Crypto
Hyperliquid Trader's 26-Consecutive Wins Streak Ends in Disaster
A Hyperliquid trader has made headlines for winning an impressive 26 consecutive bets. However, their success story takes a dramatic turn as they find themselves $5.3 million underwater on a massive ZEC short.
The trader, identified by the address 0x362a, shorted 15,785 ZEC at $867 on September 4 and is now facing significant losses after ZEC hit $1,249. The account also shorts 30,000 tokenized Strategy shares on Hyperliquid, which are down 52% due to MSTR trading near $142.
The trader's liquidation price for the ZEC short stands at $1,316.95, roughly 10% above the current market price. With a free margin of $0, the entire account is backing the trade, leaving little room for error.