Add as a preferred source on GoogleCrypto Address With $121.9M in Cumulative Gains Cuts Zcash Short by 6,475 Tokens
It closed a roughly $11.4 million short at a loss, then opened a new short worth about $2.94 million.
A crypto address with about $121.9 million in cumulative contract profits reduced its net Zcash (ZEC) short exposure by 6,475.04 tokens in trades from Oct. 21 to Oct. 22.
It closed a short position valued at about $11.4 million at an average price of $1,309.16, booking a loss of about $661,300. The address then opened a new short worth about $2.94 million at an average price of $1,313.63.
The trades took place from 4:53 p.m. ET Oct. 21 (20:53 UTC) to 1:35 a.m. ET Oct. 22 (05:35 UTC). The cumulative profit figure refers to the address’s contract account; the reported loss applied to the portion of the ZEC short that was closed.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.