Hyperliquid's largest ZEC long position has suffered a paper loss of nearly $2 million.

According to crypto analyst Ai Yi (@ai_9684xtpa), ZEC fell below the $500 mark again this morning, indicating a significant pullback for long positions. The largest long position in ZEC on Hyperliquid (0xcf9…95c0e) is currently showing a floating loss of approximately $1.925 million.

On-chain data shows that this address opened a 10x leveraged long position on November 22, holding 20,386 ZEC (approximately $9.79 million), with an average opening price of $574.864. This morning, when ZEC dipped to lower levels, its unrealized losses widened to over $2.42 million, and there are currently no signs of reducing its position.