$ZEC exceeded 1,588 in a single night; a whale lost more than $10 million because it shorted in the wrong direction.
A whale wallet that held a short position $ZEC for three months was recently forced to close the position worth $24.43 million, locking in a loss of $10.68 million. Just then, ZEC formed a multi-year high, breaking above the $1,588 mark, extending a rally of more than 2,000% year-to-date in 2026.
The trade data and loss figures have been confirmed by many sources at the same time, along with the exact time the price hit the intraday high.
What remains unclear is who is behind this wallet, and whether this is a hedging position or a bet placed for a total loss when the price reverses. Analysts also say plainly: losing money doesn’t necessarily mean the trend is about to turn.
If you’re shorting any coin that’s running too hot, this is a reminder of why stop-loss exists.
What to watch today: whether ZEC can hold the $1,500 level, or whether profit-taking comes hard after this hot surge.
Personal observation only—no investment advice.
#ZEC #Zcash #Crypto #Whale #CryptoNews
A whale wallet that held a short position $ZEC for three months was recently forced to close the position worth $24.43 million, locking in a loss of $10.68 million. Just then, ZEC formed a multi-year high, breaking above the $1,588 mark, extending a rally of more than 2,000% year-to-date in 2026.
The trade data and loss figures have been confirmed by many sources at the same time, along with the exact time the price hit the intraday high.
What remains unclear is who is behind this wallet, and whether this is a hedging position or a bet placed for a total loss when the price reverses. Analysts also say plainly: losing money doesn’t necessarily mean the trend is about to turn.
If you’re shorting any coin that’s running too hot, this is a reminder of why stop-loss exists.
What to watch today: whether ZEC can hold the $1,500 level, or whether profit-taking comes hard after this hot surge.
Personal observation only—no investment advice.
#ZEC #Zcash #Crypto #Whale #CryptoNews
