Whale with 26-Trade Winning Streak Currently Down $5.27 Million on This Altcoin

A whale with a history of 26 consecutive wins is currently showing a $5.27 million unrealized loss on a ZEC short position worth approximately $18.95 million.

According to a post by Lookonchain, the whale identified by the address 0x362a opened a short position of 15,785 ZEC three days ago, anticipating a drop in the price of Zcash (ZEC). While the total value of the position is approximately $18.95 million, the trading dashboard shows a current loss of $5.27 million.

A short position is opened with the aim of profiting from a decline in an asset’s price. However, the ZEC trade did not move in the whale’s favor. Data on Hyperbot indicates that the position remains open, and the loss reflects the current result before the trade is closed.

26-Trade Win Streak Broken by Massive ZEC Trade

The detail that makes this trade particularly noteworthy is the whale’s previous performance. Lookonchain reported that prior to the ZEC position, the whale had closed 26 consecutive trades at a profit. Consequently, this approximately $19 million trade stands out as a reversal following a highly successful streak.