3,052 Zcash whales buy spot; 58% of tracked positions are short

A whale address purchased 3,052 ZEC in spot trades worth approximately $3.8 million and separately opened an 8,000 ZEC long position with 2x leverage, with a notional value of about $10.16 million, according to Lookonchain. The wallet, with the address prefix "t1JJnA," made the moves as tracked whale positions on Hyperliquid showed shorts comprising 58% of positions that day. Applying Investing.com's December 2 USD/KRW closing rate of 1,340.69 won, the spot purchase equals roughly 5.1 billion won and the long position's notional value about 13.6 billion won, though the two amounts differ in nature and cannot be summed as actual cash outlay. The divergence between the whale's long exposure and the broader short-skewed positioning on Hyperliquid highlights conflicting signals around Zcash. Watch whether the whale's leveraged long holds amid the short-heavy sentiment and whether Hyperliquid's tracked positioning shifts.