New Wallet Gains $2.7 Million from Zcash Position

According to PANews, a newly created wallet address (0x96ea) has made significant gains from a large Zcash (ZEC) long position. Three days after opening the position, the wallet has achieved an unrealized profit of $2.7 million. The wallet currently holds 32,000 ZEC, valued at $16.3 million, with a liquidation price set at $373.13.