Zcash (ZEC) has surged past $1,200, reaching a 30-day gain of 134% and a market cap of $20 billion. Garrett Jin, the largest short seller on Hyperliquid, opened a short position at $444 in July and is now facing an unrealized loss of $25.7 million as the price climbed sharply. The rise was partly fueled by Grayscale's conversion of its Zcash Trust into a U.S. spot ETF, boosting investor interest. Despite the losses, Jin's other assets have kept his position funded, and the market remains volatile with record open interest and ongoing short squeezes.
A price model dated August 26 projects Zcash (ZEC) will peak at $1,719.08 in 2027, below the $2,000 mark, with a low of $848.25 and an average of $1,211.75 for that year. The model's highest monthly estimate for 2027 does not exceed $2,000, though a ...
Monero (XMR) fell 5.1% to $576, retreating from a recent high of $627, while Zcash (ZEC) rose 9.8% and Bitcoin (BTC) gained 0.9% over the same 24-hour period. The drop in Monero followed increased open interest in its derivatives, which could trigger...
A Hyperliquid trader closed a $3.4 million short position in Zcash (ZEC) after six days, resulting in a $187,000 loss. The trader entered the short at $1,179.50 per ZEC and exited at $1,244.50, meaning the exit price was higher than the entry price, ...
Two large cryptocurrency wallets opened leveraged long positions totaling 29,798 Zcash (ZEC), creating about $37.57 million in market exposure. These positions were opened over a 15-hour period ending early on October 21, with both wallets betting on...
Zcash (ZEC) surged about 6% on October 21 after a sharp October selloff, recovering from near $1,040 to around $1,260-$1,285. This rebound occurred despite $115.5 million in reported redemptions from the Zcash ETF during October, indicating uneven bu...
