Odaily Planet News: According to monitoring by Lookonchain, an address that previously sold 255 BTC to short has now established a 10x long position on 42,498 ZEC (worth $17.53 million). The total profit for this address has now reached $14.69 million. Its current holdings include: 1,331 BTC (worth $122.84 million), 22,828 ETH (worth $72.16 million), 232,187 SOL (worth $30.9 million), 42,498 ZEC (worth $17.53 million), and 6.63 million XRP (worth $13.93 million).
Whale with Over $250M Assets Takes 10x Long Position in ZEC, Total Profit Reaches $14.69M
KuCoinFlashShare
Summary
A whale practicing value investing in crypto has taken a 10x long position in 42,498 ZEC ($17.53M), earning $14.69M in profit. Previously shorting 255 BTC, the whale now holds 1,331 BTC ($122.84M), 22,828 ETH ($72.16M), 232,187 SOL ($33.09M), and 6.63M XRP ($13.93M). Position trading strategies appear to be paying off as the portfolio grows.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.