Trader With 89% Win Rate Suffers $10.68 Million Loss Shorting Zcash

Zcash (ZEC) has surged 177.8% over the past month, leading to significant losses for traders betting against the token. According to Lookonchain, one trader closed a short position with a loss of $10.68 million this week, while another open position on Hyperliquid is currently facing a $33.87 million loss.