Zcash News Today: ZEC Whale Risks $5M as Collateral—Will the Short Position Hold if Privacy Coins Surge?
- A ZEC short whale on Hyperliquid faces $13.77M losses as Zcash surges past $700, with 10x leverage and a $1,084 liquidation price. - The whale added $5M USDC collateral to sustain the position, expanding the short size to $43.2M amid ZEC's 1,500% October-November rally. - ZEC's rise to $11.2B market cap, driven by institutional interest and privacy coin adoption, highlights risks of leveraged bets in volatile crypto markets. - The position reflects broader on-chain dynamics, with the whale also holding p
The largest
The address 0xd47...51A91, which holds the short, is using 10x leverage and faces liquidation if ZEC hits $1,084. Despite mounting losses, the trader has
ZEC’s price movement has been a major factor in the short’s difficulties. The token
The challenges faced by this short reflect broader trends in on-chain activity. Hyperliquid’s records show the same trader also holds a 15x leveraged ETH short valued at $26 million,
The persistence of this short underscores the dangers of high leverage in fast-moving markets. While the trader has so far avoided liquidation by aggressively adding collateral, any further rise in ZEC could force a partial or complete exit. This situation reflects a wider market pattern, where leveraged traders are being challenged as privacy-focused cryptocurrencies like ZEC gain momentum amid regulatory and technological developments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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