A certain whale added 42,498 ZEC long with a 10x leverage, bringing its total long positions to $259 million.
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TL;DR
A trader opened a 10x long position on 42,498 ZEC, adding to existing leveraged positions in BTC, ETH, SOL, and XRP, with total unrealized profit reaching $14.69 million.
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ZcashHalving TokensLayer 1BitcoinPrivacyEthereumZECleverage tradingcryptocurrencywhale activityunrealized profit
According to Mars Finance, on January 12th, Lookonchain monitoring revealed that a trader who previously short 255 BTC opened a new 10x long position on 42,498 ZEC (US$17.53 million). His total unrealized profit has now climbed to US$14.69 million. His long positions are as follows: 1,331 BTC (20x long) ($122.84 million); 22,828 ETH (20x long) ($72.16 million); 232,187 SOL (20x long) ($33.09 million); 42,498 ZEC (10x long) ($17.53 million); and 6.63 million XRP (20x long) ($13.93 million).