The “Number One Bull” of ZEC Faces a Harsh Reality
The market’s biggest ZEC bull just witnessed a $10 million evaporation in unrealized gains, marking one of the toughest tests yet for believers in privacy coins.
This whale, famously dubbed the “number one bull of ZEC,” currently holds 43,000 ZEC at a cost price of $513.5. With the current price at $525, his paper profit sits at only $476K realized and $500K unrealized — leaving a safety cushion as thin as paper.
At the peak, he once held 55,000 ZEC. When ZEC soared above $700, his paper profit exceeded $12 million. But as the market reversed, nearly all those gains vanished.
This dramatic turn serves as a reminder of the brutal nature of high-leverage trading — even the most confident bulls aren’t immune to volatility.
Now, with a liquidation line at $469, traders are holding their breath. If that line is breached, it could trigger a margin call cascade, sparking another wave of sell-offs in the already fragile privacy coin sector.
#ZEC #CryptoNews #Whales #PrivacyCoins #MarketUpdate
