A cryptocurrency whale, identified by the address 0x7b7, has opened a significant short position on Zcash (ZEC) valued at approximately $19.46 million. The position, leveraging 10x, was initiated at an average entry price of $666.83 per ZEC. As of now, the whale has accrued an unrealized profit of around $1.67 million, reflecting a successful strategic move in the volatile crypto market.