Zcash (ZEC) has broken above the $1,600 level, triggering significant gains for leveraged traders. On Aster DEX, trader 0xE34E is currently sitting on a 1,581% unrealized return after opening a 50x long position on 140 ZEC with $224,000 in margin.
The high-leverage trade has generated $70,700 in unrealized profit as ZEC's price rally continues. This performance represents a greater than 15x return on the initial position size amid the token's latest breakout.
ZEC Surges Past $1,600 as Trader Scores 1,581% Return on 50x Long
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