Two Wallets Incur $2.2M Loss on ZEC Long Positions

2026-01-08 21:01

Two cryptocurrency wallets, identified as 0x6ef9 and 0x089f, are experiencing a floating loss of $2.2 million after opening leveraged long positions on Zcash (ZEC). The positions, totaling 27,895 ZEC and valued at $11.1 million, were initiated with 1x leverage. This development was reported by Lookonchain, highlighting the volatility and risk associated with leveraged trading in the crypto market.

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