ME News reports that, as of October 9 (UTC+8), according to TradingBeats monitoring, the Hyperliquid whale address 0x880a…311c held approximately 9,563 ZEC short positions as of the morning of October 9, with a position value of about $11.67 million, using 10x leverage, at an average entry price of approximately $1,376.60. The current unrealized profit is around $1.49 million, with a return on position of approximately 113.4%. Over the past 24 hours, this address reduced its ZEC short positions in 14 separate trades, cumulatively closing out approximately $3.99 million in value, while still maintaining a short position worth roughly ten million dollars. The current marked price of ZEC contracts is approximately $1,220.50, about 11.3% below the address’s average entry price. (Source: BlockBeats)
Whale shorts ZEC for $1.16M with $1.5M floating profit
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Summary
Whale trading activity indicates a significant ZEC short position on Hyperliquid as of October 9 (UTC+8). Address 0x880a…311c holds 9,563 ZEC short contracts valued at $11.67 million with 10x leverage and an average entry price of $1,376.60. The floating profit is approximately $1.49 million, representing an 113.4% return. The whale reduced $3.99 million in exposure across 14 trades within 24 hours, maintaining $10 million in short positions. ZEC futures are currently at $1,220.50, down 11.3% from the entry price.
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