Whale Faces $20 Million Unrealized Loss from Shorting ZEC and HYPE

According to Onchain Lens, a whale investor has incurred an unrealized loss of approximately $19.62 million on short positions totaling $106.6 million. The whale recently transferred an additional $4.5 million in USDC to Hyperliquid after moving $10.2 million to the exchange two days ago. The losses are primarily driven by short positions in ZEC, which account for $14.19 million in unrealized losses, and HYPE, which accounts for $5.32 million. Over the past 20 days, the whale's cumulative losses have reached $20.17 million.