「ZEC's Biggest Shorter」 Reloads with ample ammunition, Deadlocks again, Boosts Position to 12 million, Flattening Unrealized Losses

On May 6, per HyperInsight data (via their Telegram channel), the “ZEC Largest Short” address once again resorted to its familiar playbook during ZEC’s sharp price surge—reviving its strategy of adding to short positions to force liquidations. Since then, it has kept up the shorting at a rate of ~2,000 ZEC per hour (worth ~$1 million). Additional shorting lasted until four hours ago, pushing the address’s total short position to $12.6 million at an average entry price of $461, leaving it with an unrealized loss of roughly $2.4 million. This latest shorting spree kicked off on March 10 with an initial entry price of ~$210—coincidentally near a recent swing low. The address earned its “ZEC Largest Short” moniker from October 10, 2023 moves: it shorted ZEC at an opening price of $184, then consistently added to those shorts to lift its average entry price. At one point, the position’s unrealized loss topped $21 million, but with ample capital, it gradually lowered its average entry price to $419, finally exiting the position in December 2023. Address: 0xd47587702a91731dc1089b5db0932cf820151a91