Derived from CoinEdition, a high-net-worth Zcash trader lost $2.38 million after forced liquidations wiped out their leveraged positions. The account, tied to wallet 0x9bf3…bf6cf9, was left with a residual balance of $23,942.44 following a sharp ZEC price drop to $474, which erased nearly 100% of the account’s value. The trader had opened multiple long positions between 04:49 and 04:51 UTC at prices around $487–$488, but the market moved against them as ZEC fell below $465, triggering simultaneous liquidations at $447.88 to $452.72. The incident marks one of the most severe single-asset wipeouts on HyperTracker, with cumulative losses reaching -$2.38 million. ZEC’s 24-hour volume dropped over 13%, and its market cap fell to $7.78 billion.
Zcash Whale Loses $2.4M in Forced Liquidations as ZEC Dips 6.6%
CoinEditionShare
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.