$12.5 Million Zcash Bet Reopened After $2 Million Profit

A crypto address identified by its prefix has reopened a long position in Zcash (ZEC) worth approximately $12.5 million after earning around $2 million from an earlier trade.

The address, which had exited its earlier position the previous day, bought 7,882.7 ZEC for about $12.18 million on September 25th.

This new position has a higher entry price than the previous one, at around $1,545.26, roughly 2.72% above the average exit price of its earlier trade.

The address's holdings in HYPE tokens have also seen significant growth, with an estimated value of about $21.18 million and an unrealized gain of approximately $7.366 million at the time of the update.