Whale Trader Faces Significant Losses in ZEC Positions

On June 4, a whale trader known as Evaded (@ICanPlug) experienced a complete liquidation of their ZEC long position, resulting in a loss of approximately $2.9 million. According to BlockBeats On-chain Detection, the trader subsequently opened another ZEC long position with 10x leverage. However, as the market continued to decline, the trader's cumulative losses have now exceeded $5.4 million.