Trader Loracle has achieved significant gains with a 10x long position in Zcash (ZEC), resulting in an unrealized profit of approximately $4.5 million, as reported by on-chain analyst Onchain Lens. This profit comes amid a surge in ZEC's price, highlighting the trader's strategic positioning.
In addition to the ZEC position, Loracle has expanded their 10x long position in NEAR to 4.23 million tokens. The trader also maintains long positions in several other assets, including HYPE, WLD, TON, ASTER, XMR, and TSLA, collectively contributing to an overall unrealized profit of about $3.48 million across these multi-currency holdings.
Trader Loracle's ZEC Position Yields $4.5 Million in Unrealized Profits
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