Last week's worst crypto influencer is now No. 2 and holds a $13.4 million Zcash short
The KOL wallet mk4 was down $2.84 million for the week on November 5. DeepSea now shows +$2.24 million over seven days, but still minus $876,800 over 30.
Key points
- mk4 is No. 2 on DeepSea's 7-day KOL board at +$2.24 million, behind 2 freres 2 fauves at +$4.48 million. Its 30-day figure is still minus $876,800.
- Its biggest open bet is a $13.41 million ZEC short at 10x leverage, entered near $1,300 and showing a $1.56 million paper profit.
- CoinGecko had Zcash at $1,161.69 at 9:04 p.m. ET, down 5.9% in 24 hours.
What DeepSea's data shows
DeepSea's KOL board tracks the on-chain wallets of crypto influencers (KOLs). At about 9 p.m. ET on November 9, the account labeled mk4 ranked No. 2 over seven days at +$2.24 million. On November 5 it was last of 152 KOLs at minus $2.84 million. First place now belongs to 2 freres 2 fauves at +$4.48 million (+$12.91 million over 30 days), a trader we have covered before. Third place, Frank, is far behind at +$332,500.
The mk4 page shows one wallet on Hyperliquid, a perpetual futures exchange (contracts with no expiry date). The 30-day result is still minus $876,800, while the 90-day figure is +$15.92 million on $130.85 million of volume. Holdings are $19.52 million, of which $17.77 million is USDC.
Data: DeepSea (desea.io), checked November 9, 2026, 9:01 p.m. ET.
From 11 shorts to four
On November 5 the wallet held 11 shorts worth about $27.6 million, led by BTC and ETH. Those are gone from the page. It now shows four open shorts (bets that the price falls):
- ZEC: $13.41 million, entry about $1,300, 10x leverage, paper profit +$1.56 million
- MEGA: $947,600, 3x, paper loss $85,300
- AVAX: $490,400, entry $8.677, 10x, paper profit $2,200
- ARB: $8,000, 10x
DeepSea does not say which trades produced the weekly gain.
mk4's PnL by period on DeepSea
US$ million
November 9, 2026, about 9:01 p.m. ET. Source: DeepSea KOL page mk4.
Checked against market prices
CoinGecko priced Zcash at $1,161.69 at 9:04 p.m. ET, down 5.9% in 24 hours and about 11% under the short's entry. A $13.41 million position at that price is about 11,500 ZEC, so a profit near $1.6 million fits the drop. AVAX went the other way: $8.64, up 7.7% in a day, just under the short's entry, which is why that bet is near flat.
What could go wrong
At 10x leverage, a 1% move in ZEC changes the position by about 10% of the margin behind it. DeepSea does not show liquidation prices or how much of the $17.77 million of USDC backs the trade, so we cannot say where it would be closed out. We could not open Hyperliquid's own data for this check, so the positions rest on DeepSea's page and CoinGecko's prices.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think mk4's week shows how fast a leveraged trader's ranking flips. Four days separate last place and second place.
- The wallet moved from a broad bet against the market to one concentrated trade. The ZEC short is now worth about 70% of its holdings, so one coin decides its next week.
- The 30-day loss is a reminder that a good week can sit inside a bad month. The 90-day number tells a calmer story than either.
What's next
- Whether mk4 closes the ZEC short or adds to it
- Whether its 30-day figure turns positive
- Whether AVAX keeps rising against the newer short
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- DeepSea, KOLs & Sharks leaderboard, 7D (read November 9, 2026, 9:01 p.m. ET; earlier read November 5, 12:45 a.m. ET)
- DeepSea, KOL page mk4: PnL, holdings, open positions, latest orders (read November 9, 2026, 9:01 p.m. ET)
- CoinGecko, Zcash (ZEC) price (November 9, 2026, 9:04 p.m. ET)
- CoinGecko, Avalanche (AVAX) price (November 9, 2026, 9:04 p.m. ET)
