Onchain Lens said on Sept. 6 that a whale that moved funds from a centralized exchange to Hyperliquid has built a large short position in ZEC and HYPE and is now deeply underwater. The wallet first transferred $10.2 million to Hyperliquid two days earlier, then added another $4.5 million in USDC. It currently holds short positions with a total value of $106.6 million, with unrealized losses reaching $19.62 million. Of that amount, the ZEC short accounts for a $14.19 million unrealized loss, while the HYPE short is down $5.32 million. Over the past 20 days, the whale has posted cumulative losses of $20.17 million, according to the on-chain tracker. The figures point to a highly concentrated bearish bet that has moved sharply against the trader.
BlockBeats reported on Sept. 6, citing Onchain Lens, that a whale transferred $10.2 million from a centralized exchange to Hyperliquid two days ago and later added another $4.5 million in USDC.
The wallet now holds short positions worth a total of $106.6 million, with unrealized losses of $19.62 million. The ZEC short is showing an unrealized loss of $14.19 million, while the HYPE short is down $5.32 million.
Over the past 20 days, the whale's cumulative losses have reached $20.17 million, according to Onchain Lens.
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