Zcash Whale Adds $12.62 Million to Long Position During Pullback
The address bought about 8,017 ZEC, lifting its long position to roughly 18,400 tokens while carrying an unrealized loss of about $1.31 million.
A Zcash (ZEC) whale added about $12.62 million to a long position during a Sept. 28 price pullback, bringing the address's total long exposure to roughly 18,400 ZEC.
The address bought approximately 8,017 ZEC in the latest increase. Its average entry price for the current position fell to about $1,622 from roughly $1,659 after the additional purchases.
The position remains underwater, with an unrealized loss of about $1.31 million. The address began building the current position on Sept. 27.
The latest buying came after ZEC had risen from around $1,445.20 on Sept. 20, leaving the position's average cost above that earlier level.
