Crypto Twitter is buzzing this morning after @MrWhale dropped yet another whale alert that's equal parts painful and impressive.

A trader holding 20,386 ZEC long at 10x isolated leverage on Hyperliquid – currently worth $7.31 million – is staring at -$4,408,828 in unrealized losses.

That's right. Over $4.4 million underwater on a single position.

The average entry price sits at $574.86, which means this whale started building the bag when Zcash was trading well above current levels (mark price is now hovering around ~$358-359 based on the PnL math).

With liquidation price at $142.70, there was clearly serious danger of getting wiped out.

So what did they do?

Instead of closing or getting rekt, the trader yeeted in 1,499,999.8 USDC (basically $1.5 million) just two hours ago to boost margin and push liquidation further away.

This isn't the trader's first rodeo either – the history shows multiple ZEC-USD long opens about 9 days ago when price was in the $530-$590 range. Classic case of averaging down... or catching a falling knife, depending on how the next few days play out.

The address in question: 0xCF90CFecF74e631FeeA816d02E757c0C8E895c0e

Current account overview shows perps equity at ~$4.55 million after the fresh deposit, so the extra collateral bought some breathing room.

Whether this is diamond-handed conviction or pure degen stubbornness, one thing is clear – this is peak crypto.

When most people would have rage-closed or gotten liquidated months ago, this whale said "not today" and doubled down on the margin call.

Respect the conviction, fear the leverage.

Original post by @MrWhale here.

We'll be watching this address like hawks. If ZEC starts pumping, this could turn into one of the most legendary comebacks of the cycle. If it keeps dumping... well, Hyperliquid might collect another fat liquidation fee.