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00:42
A whale panic-closed ZEC long positions after holding for two months, incurring a loss of nearly $5 million.
BlockBeats News, January 9, according to OnchainLens monitoring, due to the collective resignation incident, the price of ZEC dropped yesterday. A whale, affected by panic, closed their ZEC long position, incurring a loss of approximately $4.9 million after holding it for 67 days. Soon after, the whale reopened a smaller ZEC long position with 10x leverage.
00:41
A whale panic-sold its ZEC long position, suffering a nearly $5 million loss after holding the position for two months
BlockBeats News, January 9th, according to OnchainLens monitoring, the ZEC price fell yesterday due to a collective resignation event, with a whale liquidating its ZEC long position out of panic, suffering a loss of approximately $4.9 million after holding the position for 67 days. Shortly thereafter, the whale reopened a smaller ZEC long position with 10x leverage.
00:40
Dragonfly partner Haseeb praises Zcash for its "clean origin," likening it to the spirit of BitTorrent
PANews reported on January 9 that Haseeb, Managing Partner at Dragonfly, posted on X comparing Zcash to BitTorrent, stating that both have survived in their respective fields by adhering to a "legitimate mission" and not engaging in illegal activities. He pointed out that BitTorrent was not suppressed due to its commitment to decentralization, and the Zcash team has also demonstrated the spirit of "true believers" and "cypherpunks," allowing it to survive the turbulence in the crypto industry to this day. This statement was reposted in support by Josh Swihart, a representative of the Zcash ecosystem.
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