ZEC Falls 9% as Whale Loses $5.84 Million on Spot and Contract Longs

ZEC fell 9% today, leaving a whale with a reported $5.84 million loss on spot and contract long positions. According to Odaily, on-chain analyst Ember said the whale spent $31.78 million over the past four days to buy 25,002 ZEC at an average price of $1,271, resulting in an unrealized loss of $3.26 million. The whale also opened a long position in 18,910 ZEC contracts on Hyperliquid at $1,378; the position was closed by stop-loss after ZEC fell below $1,200 early today, resulting in a $2.58 million loss.