The largest holder of Zcash (ZEC) has reduced their holdings from 60,000 to 55,000 ZEC, according to AiCoin. This strategic move comes as the account secures an unrealized profit of $5.15 million, with an average entry price of $555 and a liquidation price of $513. The current position is valued at $35.7 million. Previously, the account's floating profit had plummeted from a peak of $12 million to under $1 million, a decline of over 90%, before rebounding to $5.15 million as ZEC prices recovered. The decision to decrease the position was made to lock in gains amid recent market volatility.