Whale trader Loracle has significantly increased their exposure to Zcash (ZEC) long positions, reaching a total of $10.8 million, according to Hyperinsight monitoring. Despite ZEC's sharp price decline, Loracle continued to accumulate long positions, lowering their average entry price from over $500 to $354.
This strategic move has inadvertently made Loracle the largest market participant in ZEC. The trader's decision to "hold firm" through the downturn reflects a strong commitment to their investment strategy, even as unrealized losses widened during the market's downward trend.
Whale Loracle Increases ZEC Long Positions to $10.8 Million Amid Price Drop
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
