Zcash Address Reopens $12.5 Million Long Position After $2 Million Profit
The address bought 7,882.7 Zcash (ZEC) at an average price of $1,545.26 after closing its previous position for a $2.03 million gain.
A crypto address that previously earned about $2.03 million trading Zcash reopened a long position worth roughly $12.5 million on Sept. 25, increasing its exposure to the token after closing its earlier trade the previous day.
The address, identified by its 0x152e prefix, bought 7,882.7 Zcash (ZEC) for approximately $12.18 million. Its average entry price was about $1,545.26, roughly 2.72% above the average price at which it exited its earlier position.
The new position had an estimated value of $12.53 million and an unrealized gain of about $348,000 at the time of the update. The address had not reduced the position and held slightly more ZEC than before its previous liquidation.
The same address also held a long position of about 226,000 HYPE tokens, valued at approximately $21.18 million, with an unrealized gain of about $7.366 million.
