Whale Faces $6.7 Million Loss on ZEC and HYPE Leveraged Positions
A single cryptocurrency whale is facing a combined unrealized loss of approximately $6.65 million after two high-leverage long positions turned sharply against them, according to data from blockchain analytics firm Onchain Lens. Onchain Lens reported that the whale’s 10x leveraged long position on Zcash (ZEC) has suffered a loss of over $3.2 million. A separate 2x leveraged long position on Hyperliquid (HYPE) has incurred a loss of $1.567 million. These figures represent the decline in the value of the positions since they were opened, not necessarily the total capital at risk.