ME News reports that on May 6 (UTC+8), a large whale deposited 4,997,000 USDC into HyperLiquid to prevent liquidation of its ZEC short position. The whale currently holds a short position of 18,286 ZEC with 10x leverage, incurring an unrealized loss of over $2.36 million, with a new liquidation price at $855.34. Additionally, the whale holds a short position of 61.69 BTC with 21x leverage. (Source: BlockBeats)
Whale deposits 4.997M USDC to prevent ZEC short liquidation on HyperLiquid
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Summary
Whale activity on HyperLiquid saw a major move as a whale deposited 4.997 million USDC on May 6 (UTC+8) to avoid liquidation of a ZEC short position. The position is leveraged 10x, covering 18,286 ZEC with over $2.36 million in unrealized losses. The new liquidation price is $855.34. The whale also holds a 21x leveraged short of 61.69 BTC, indicating a high-risk strategy with a questionable risk-to-reward ratio.
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