Zcash Investor Sells for Over $37 Million, Profits by 256%

A large investor in Zcash has made a significant profit by selling their holdings for approximately $37.84 million, more than three times their initial investment.

The investor, who bought Zcash two months ago at an average price of $425 per unit, sold 25,001 units of the cryptocurrency, resulting in a profit of over $27 million.

This represents a gain of over 256% relative to cost and a return on investment of more than 3.5 times the initial amount.

The sales were made in multiple transactions, with prices ranging from approximately $1,470 to $1,502 per unit.