🔥 $ZEC Short Seller on the Brink: $14.5M Loss and Counting!

A high-stakes drama is unfolding on Hyperliquid, where one short seller is down $14.5 million betting against Zcash, and still refuses to surrender. The trader opened massive shorts at $294, but with $ZEC now soaring to $586, losses have ballooned over 250%.

What’s wild is that instead of closing the position, this trader keeps averaging down, adding more shorts at the same price level. The current position size has exploded to $29.26 million, and liquidation risk is sky-high. Every uptick in ZEC pushes this position closer to total wipeout.

The privacy coin sector surged 15% today, and traders across the market are glued to their screens, waiting to see when the inevitable liquidation triggers. Should it occur, the forced close could catapult ZEC even higher, unleashing another parabolic spike.

Whether this is a sophisticated hedging play or pure stubbornness, no one knows for sure. But one thing is clear — the derivatives market is watching this wallet like a live countdown to detonation.