Zcash Short Trader Faces $7.66M Paper Loss as ZEC Nears $1,500

Zcash Price Nears $1,500 as Social Volume Hits One Month High

TLDR: Zcash price approaches $1,500 after ZEC gains roughly 32% from September 15 to 17 while social volume reaches a one-month high. Santiment data shows X generated 85% of Zcash mentions on September 17, with activity running 6.8 times above its 29-day baseline. Paradigm confirms ZEC exposure as the Zcash Dev Fund debate intensifies over [...]

Zcash Short Trader Faces $7.66M Paper Loss as ZEC Nears $1,500

A Zcash trader who once won 26 trades in a row is now sitting on a $7.66 million unrealized loss after taking a heavily leveraged short position in ZEC as the privacy coin continued its rally. The trade shows just how quickly gains from a strong run of successful positions can disappear when...