New ZEC Whale Wallet Gains $2.7M in 3 Days
A new ZEC whale wallet made $2.7M in unrealized profits within 3 days after opening a massive $16.3M long position.
- New wallet opened a $16.3M long position on ZEC
- $2.7M in unrealized profit gained in just 3 days
- Wallet liquidation price is set at $373.13
A newly created wallet — identified as 0x96ea — has caught the attention of the crypto community after making a bold move on Zcash (ZEC). Just three days after being activated, the wallet entered a massive $16.3 million long position on ZEC. This aggressive play has already resulted in $2.7 million in unrealized profit, hinting at strong bullish sentiment or insider confidence in the asset.
Such sudden high-volume entries from fresh wallets often raise eyebrows in the crypto world, either signaling strategic plays by sophisticated investors or coordinated moves by institutional players.
Position Details and Liquidation Risk
The wallet currently holds 32,000 ZEC, with its long position entered at a strategic price level. According to on-chain data, the liquidation price is $373.13, a level far from current prices, indicating a solid buffer zone for this trade.
The whale’s calculated risk profile shows that this isn’t a random FOMO move—it’s a confident position backed by capital and strategy. With unrealized gains already crossing $2.7 million, this position has the potential to grow significantly if ZEC’s upward momentum continues.
What This Means for ZEC Holders
This move may signal a growing institutional or whale interest in ZEC, a privacy-focused cryptocurrency that often flies under the radar compared to Bitcoin or Ethereum. If the trend continues and more large positions follow, it could push ZEC’s price and visibility higher in the coming weeks.
While whale movements don’t guarantee future price direction, they often precede larger market trends. Retail traders and analysts will be watching closely to see if this is an isolated move—or the beginning of a ZEC whale wave.
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