Boomer Holds $11.36 Million 10x Zcash Long With $85,000 Paper Loss

Trader Boomer held a 10x leveraged Zcash (ZEC) long valued at $11.36 million with an $85,000 unrealized loss, even as the token fell more than 24% over the past month.

Boomer held a 10x leveraged position of 10,000 ZEC, opened at $1,146.86 and valued at $11.36 million, with an unrealized loss of $85,000.

The new long follows Boomer’s earlier move to close a ZEC long and open shorts.

Boomer also held a 25x leveraged Ether (ETH) long covering 2,000 ETH. That position was valued at $4.82 million and showed an unrealized gain of $68,000 from an entry price of $2,376.18.