TREE NEWS reports: A trader opened a long position on 9,810 ZEC at $517.68 about a month ago and is now sitting on an unrealized profit of $9.98 million, on-chain monitoring shows. The same trader also holds a short position of 3,550 ETH that is underwater by $2.6 million.
Trader Holds 9,810 ZEC Long for a Month, Up $9.98M
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AI take
The standout detail is not the size of the ZEC win but the pairing: a concentrated long in a privacy-linked asset sitting alongside a losing ETH short. That combination suggests a directional bet on relative performance rather than broad market exposure, and it is the kind of position that draws attention precisely because it is visible on-chain. Whether the trader realises the ZEC gain or continues to absorb the ETH drawdown is the open question, and how the two legs are managed from here is what the on-chain record will show next.
Generated by AI for reference only.
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