New wallet gains $2.7 million in unrealized profits in three days, drawing attention with a long position of 32,000 ZEC.

[CryptoWorld] Recently, a quite astonishing on-chain transaction has appeared. A newly created address managed to generate a profit of $2.7 million on Zcash within just three days.

This address currently holds a total of 32,000 ZEC, which is worth approximately $16.3 million at the current price. However, it’s important to note that the liquidation threshold for this position is set at $373.13 — in other words, if the ZEC price drops below this level, the long position will be forcibly liquidated.

Based on the speed of position building and the scale of holdings, it’s clear that the trader has strong confidence in ZEC’s short-term movement. But high leverage also means high risk, and the distance between the liquidation price and the current price determines how much volatility this investment can withstand.