Privacy Coins Face Significant Losses Amid Market Volatility

On February 26, Coinbob's popular address monitoring revealed that major holders of privacy coins ZEC, XMR, and DASH on Hyperliquid are experiencing substantial unrealized losses. According to BlockBeats, these investors have not yet opted to close their positions or exit the market. The largest loss is attributed to the biggest ZEC bull (address 0xcf9), who holds a leveraged long position with a scale of $5.03 million at an average price of $574. The current unrealized loss has reached $6.68 million, marking a 294% loss, with the liquidation price set at $142. The largest XMR bull (address 0xc17) maintains a relatively stable position with a 3x leveraged long position valued at $3.29 million, facing an unrealized loss of $350,000, or 32%, at an average price of $384. This address also holds ZEC long positions and has been consistently increasing its holdings to average down the ZEC and XMR positions. Meanwhile, the largest DASH bull (address 0xd47) holds a 5x leveraged long position worth $1.63 million, with an unrealized loss of $1.34 million, representing a 414% loss at an average price of $64. This address was previously known as the largest ZEC bear, having been deeply trapped in its positions.