Zcash (ZEC) surged above $1,200, leading to an estimated $25.7 million unrealized loss for a large short position on Hyperliquid opened at around $444 in July 2026. The same wallet holds a $107 million Bitcoin long with a $4.42 million unrealized profit, but funding fees reduce net gains. The ZEC rally is linked to rising institutional interest, including Grayscale's new ZCSH ETF launch. The short position remains open, and further price increases could deepen losses, while a pullback might reduce them.
A trader who accumulated 22,840 Zcash (ZEC) tokens since 2021 has moved them to Binance for likely liquidation, realizing a profit of over $21 million after a 20x price increase. The trader initially spent $1.1 million when ZEC was priced around $48,...
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...
Zcash (ZEC) surged to an intraday high of $1,249, its highest since late 2016, marking a weekly gain of over 45% and lifting its market cap to $20.44 billion, making it the ninth-largest crypto asset. The rally is driven by institutional interest, in...
Zcash (ZEC) surged above $1,200, causing a major Hyperliquid trader to face approximately $25.7 million in unrealized losses on a short position of 32,760 ZEC opened at around $444 in July 2026. This sharp price increase, driven by growing institutio...
On September 6, 2026, the combined open interest in altcoin perpetual futures exceeded Bitcoin's for the first time since December 2024, driven by increased leveraged trading and a strong rally in Zcash. Zcash futures open interest rose to about $2.4...
