Whale Entity Moves 35,000 ETH to Hyperliquid as ZEC Short Losses Hit $30 Million

A whale entity, likely Garrett Jin, has transferred 35,000 Ethereum (ETH) from Binance to Hyperliquid, with on-chain data indicating the ETH was sold for approximately $87.5 million. PANews reported on October 18 that analyst Weijin monitored this movement, noting the sale of 35,000 ETH at around $87.5 million. However, it remains unclear whether the assets were sold or used as collateral on Hyperliquid. The ZEC short positions totaled approximately 37,760 ZEC with a notional value of about $51.5 million, and the liquidation price was set at roughly $2,631.53. There is no confirmation that the liquidation price rose to $4,738.