Massive Trader Opens 10x Long on Zcash Following Devastating Crash
Analysis
Price Impact
HighA prominent whale with over $250 million in assets has opened a massive $17.53 million, 10x leveraged long position on zcash (zec). this aggressive contrarian bet, following a significant price crash due to the ecc team resignation, suggests a strong conviction in a v-shaped recovery and that the fear is overblown.
Trustworthiness
HighThe data is sourced from lookonchain, a reputable on-chain analytics firm, which tracks significant whale movements. the details of the trade (amount, leverage, entry price) are specific and verifiable.
Price Direction
BullishThe whale is explicitly betting on a sharp price increase, anticipating that zec is undervalued after the recent dump and that the market overreacted to the governance news. their belief in the new team's ability to stabilize zcash also contributes to a bullish outlook.
Time Effect
ShortA 10x leveraged position implies an expectation for a relatively rapid price movement to capitalize on the v-shaped recovery thesis. while the underlying belief in zcash's long-term value might be longer-term, the specific trade is speculative and short-term focused.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News A heavyweight bull Why now? Advertisement Despite the acute market panic surrounding Zcash (ZEC) triggered by the recent mass resignation of the Electric Coin Company (ECC) team, a prominent whale has just placed a massive contrarian bet. The trader has opened a 10x leveraged long position on Zcash, according to the most recent data provided by Lookonchain. Buying the blood HOT Stories Hoskinson Says XRP DeFi Is Coming Crypto Market Review: XRP — Hidden Golden Growth Signal, Shiba Inu (SHIB) Volume Is at Zero, Is Ethereum (ETH) Rally Finally Ready? Legendary Trader Bollinger Issues XRP Warning, Morgan Stanley Bets on Bitcoin and Solana, Shiba Inu Breakout Fails to Hold — Top Weekly Crypto News Will Monero Be Next Zcash? Top Trader Says It Has Best-Looking Chart The trader has gone long on 42,498 ZEC, valued at approximately $17.53 million. The entry price is roughly $412 per ZEC. Advertisement Essentially, this is an aggressive, high-conviction trade that bets on a sharp V-shaped recovery. The trader likely believes the recent crash from $700 to the $400s was an overreaction to the governance news. They are betting that the "fear" is priced in and that ZEC is undervalued at these levels. A heavyweight bull Despite the nickname referencing a "short," the trader's current portfolio is overwhelmingly bullish and massive. The total visible assets are over $250 million. Advertisement You Might Also Like Sun, 01/11/2026 - 19:36 Will Monero Be Next Zcash? Top Trader Says It Has Best-Looking Chart By Alex Dovbnya The trader holds $122.84 million worth of Bitcoin (BTC), $72.16 million worth of Ethereum (ETH), as well as $33 million worth of Solana (SOL). Zcash (ZEC), his latest play, as well as XRP, come in fourth and fifth places, respectively. Why now? Now that the entire ECC team has called it quits, ZEC dumped hard (~26%). If the trader believes the new cashZ team or the community can stabilize Zcash, acquiring it at $412 is a steal compared to the $10,000 targets predicted by bulls like Arthur Hayes. Crucially, the team confirmed they are not launching a new token. Their business model will rely on the success of ZEC, but they will now operate as a private, agile startup rather than employees of a non-profit foundation. #ZCash News