A whale address identified as 0x362a has opened a 5x leveraged long position on ZEC through Aster DEX, according to on-chain tracking data cited by Lookonchain on Sept. 29. The position involved the purchase of 4,135 ZEC, with a reported value of about $5.8 million.
The trade comes after ZEC pulled back more than 18% from a recent high. Based on the latest tracked position data, the whale’s long is now sitting on more than $450,000 in unrealized losses.
The update was first reported by BlockBeats, which cited Lookonchain’s monitoring of the address and the position. No additional details on entry timing or liquidation level were disclosed in the source report.
On Sept. 29, BlockBeats reported, citing Lookonchain, that ZEC has fallen more than 18% from a recent high.
Lookonchain’s tracking shows that whale address 0x362a opened a 5x leveraged long on ZEC on Aster DEX, buying 4,135 ZEC worth about $5.8 million.
The position is currently showing more than $450,000 in unrealized losses.
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