"Former ZEC's largest short" reopened ZEC short positions and continued to add to the position, with a total holding of approximately $1.1 million.

BlockBeats News, January 28 — According to Hyperinsight monitoring, the “former ZEC largest short” address (0xd475…) reopened a ZEC short position today. The current 5x leveraged ZEC short position is approximately 2822 ZEC, worth about $1,101,200, with an opening average price of $391. The short position is currently at a slight unrealized loss, and additional positions are still being added as of press time.

This address is known for establishing large-scale short positions on ZEC. It previously shorted ZEC starting at a price of $184, during which it experienced an unrealized loss of $21 million. After turning profitable, it closed the position. Currently, it holds a massive $80 million short position on ETH.