ZEC Value Soars by 1122.25% Over the Past Year as Large-Scale Short Positions Are Liquidated

As of November 17, 2025,

declined by 1.62% over the past day, settling at $684.37. Over the previous week, ZEC climbed 36.21%, surged 69.97% in the last month, and soared 1122.25% over the past year.

In recent months, ZEC has undergone a dramatic price turnaround, jumping 69.97% in just 30 days and skyrocketing more than 1000% year-over-year. This rapid ascent triggered widespread liquidations of short positions on leading exchanges, with total losses reaching tens of millions of dollars. The swift rally has taken many short sellers by surprise, especially those who had built up their positions over an extended period.

On November 17, LookOnChain revealed that a trader holding a short position in ZEC suffered losses exceeding $3.28 million after being liquidated. The wallet in question is linked to the gambling sites Roobet and Stake.com. Currently, the account holds a variety of assets, including 73 BTC (worth $122.5 million), 34 ZEC (valued at $16.75 million), and 5.6 million

(worth $12.5 million). Notably, the ZEC holding has a liquidation threshold of $757, which is significantly higher than the present price.

Meanwhile, on Hyperliquid, the largest open ZEC short is facing unrealized losses of more than $22.04 million. This position, totaling 60,870.43 ZEC, has been maintained for over a month. The recent price

forced the trader to deposit an additional $5 million in to keep the short position afloat. Since October 11, the wallet owner has been consistently lowering their average entry price, but the ongoing price surge has outpaced their efforts.