ZEC's 6% Short-Term Drop Triggers Long vs Short Game, On-Chain ZEC Longs and "Meme Army of Shorts" Both Heavily Increase Positions

On January 8th, per Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), ZEC dropped 6.4% in the short term, hitting a low of $449 before rebounding to around $465. During this fluctuation, the biggest ZEC long whale on Hyperliquid (address 0x152) briefly swung from profit to loss, then quickly added to its long position at $459—boosting holdings by 2,486 ZEC (≈$1.14 million) in 10 minutes. Over the past 20 hours, this whale has cumulatively added 9,871 ZEC (≈$4.54 million) to its long positions. It now holds a 10x-leveraged ZEC long position worth ~$12.35 million, with an average entry price of $463. Coinbob data also shows the "largest ZEC short whale" remains in unrealized loss and has not adjusted its short position recently. Its current short size is ~$17.48 million, with an average entry of $419 and an unrealized loss of $1.64 million (47%). Meanwhile, the "Altcoin Short Army Leader" has been ramping up its ZEC short position over the past few hours—it now totals $2.08 million and is still being added to.