PANews reported on May 22 that, according to on-chain analyst Ai Yi, the "1011 whale" who liquidated $230 million has just opened a short position in ZEC, currently holding a 3x short position of $1.26 million, and has sold $1.22 million worth of ZEC at a limit price in the $653.58 to $661.4 range. In addition, it also holds a $39.21 million long position in BTC and $2.49 million in HYPE spot (with a $407,000 buy order pending).