Whale Trader Lee Goon Wang Loses $542K Selling ZEC

A prominent trader, Lee Goon Wang, has reported a significant loss after selling ZEC. According to data from his address 0xf5629393e446a103a4be1c49a956255e7c87c1d3, he sold around $22.96M worth of ZEC in over 1,740 fills and incurred a loss of approximately $542.4K.

His lifetime profit and loss (PnL) shows a total gain of $7.44M from his trading activities.

The price action on the 4-hour chart indicates that ZEC is currently trading within its Bollinger band, with an upper resistance level at $1666.29 and lower support at $1483.16.

Technically, the EMA50 at $1530.94 acts as immediate resistance, while the EMA200 at $1212.09 remains a longer-term floor for ZEC's price movement.