Address 0x6EF…73abf made a series of ZEC transactions: bought at a low of USD 509.5, closed the profitable position, and then reopened a 3x leveraged Longing position with a large volume, currently holding about $7.79 million ZEC.
Information from Ai Yi's on-chain analysis shows that this wallet once closed a profitable position of about $1,252,000 in 15 hours, then bought another 12,784.23 ZEC in the USD 584.69–602.34 range, opening a Longing position with an average opening price of $591.85 and an emerging profit/loss of about $232,000.
- Wallet 0x6EF…73abf took profit of ~1,252,000 USD after buying at the Dip of USD 509.5.
- Then buy 12,784.23 ZEC in the USD 584.69–602.34 zone and open a 3x leveraged Longing position.
- Currently holding about 7.79 million USD ZEC, average opening price USD 591.85, floating profit/loss ~232,000 USD.
Transaction details and profits
Address 0x6EF…73abf bought ZEC at a low of USD 509.5, closing the position later to reap around $1,252,000 in profit within 15 hours.
This trade shows a large investor's quick profit-taking: buying at low prices, taking profits when prices rise, then taking advantage of the volatility to establish a new position with leverage.
New position and current state
After taking profit, the wallet placed a buy order of 12,784.23 ZEC in the USD 584.69–602.34 range and opened a Longing position with 3x leverage; the average opening price was USD 591.85.
The wallet currently holds approximately $7.79 million in ZEC and has a floating profit/loss of approximately $232,000, reflecting leverage risk but also the potential for profit amplification if the price continues to rise.
Implications for the ZEC Market
The activity of this large wallet can impact ZEC 's short-term liquidation and volatility, especially when using leverage and trading large volumes on exchanges with limited liquidation .
The movements of “whales” are often closely watched by investors and trading bots to predict price movements, and can trigger psychological effects in the market.
Is this wallet personal or corporate?
There is no authentication information to confirm; on-chain addresses only show transaction activity, not reveal actual identities.
Is the profit of $1,252,000 correct?
Figures are based on on-chain analysis; figures reflect returns based on reported position open/close prices, which may vary by calculation method and data source.
How risky is 3x leverage?
3x leverage amplifies both profits and losses; adverse price movements can quickly reduce Capital or lead to position liquidation.
How do whale activities affect retail investors?
Large trades can create short-term price volatility; small investors should assess liquidation and risk management before acting accordingly.
