Crypto
Zcash Price Rally Brings $25.7 Million Loss for Whale Short Position
A large trader on Hyperliquid is facing an estimated $25.7 million paper loss after Zcash's price surged past $1,200.
The wallet in question shorted 32,760 ZEC at an average entry price near $444 back in July 2026.
ZEC has since risen by roughly 170% over two months, with the current price sitting above $1,200.
The same address also holds a Bitcoin long worth about $107 million, showing an unrealized gain of $4.42 million.