A major whale shorted ZEC and HYPE, incurring a paper loss of nearly $20 million.

According to BlockBeats, on September 6th, Onchain Lens monitoring revealed that a large whale transferred $10.2 million from a CEX to Hyperliquid two days prior, and then deposited an additional $4.5 million worth of USDC. Currently, it holds short positions totaling $106.6 million, with unrealized losses reaching $19.62 million. Specifically, its ZEC short positions have a floating loss of $14.19 million, and its HYPE short positions have a floating loss of $5.32 million. Over the past 20 days, this whale has accumulated losses of $20.17 million.