A newly activated wallet, identified by the address 0x96ea, has captured the attention of the cryptocurrency community following a significant investment in Zcash (ZEC). Merely three days after its creation, the wallet established a substantial $16.3 million long position on ZEC. This aggressive trading strategy has already yielded an impressive $2.7 million in unrealized profit, suggesting a strong bullish outlook or a high level of conviction in the asset.
Such rapid and substantial entries from newly established wallets often spark considerable interest within the crypto sphere, potentially indicating calculated strategies by experienced investors or coordinated actions by larger entities.
Position Details and Liquidation Risk
The wallet currently holds 32,000 ZEC, with its long position initiated at a specific price point. On-chain data indicates that the liquidation price is set at $373.13. This level is considerably distant from the current market price, providing a substantial buffer and suggesting a well-defined risk management approach for this trade.
The calculated risk profile associated with this whale's activity suggests that this is not a speculative, impulsive move. Instead, it appears to be a confident position supported by significant capital and strategic planning. With unrealized gains already exceeding $2.7 million, the potential for further growth exists if ZEC maintains its upward trajectory.
Someone created a new wallet (0x96ea) 3 days ago and FOMOed long on $ZEC — now sitting on $2.7M in unrealized profit.
— Lookonchain (@lookonchain) November 6, 2025
Position: 32,000 $ZEC($16.3M).
Liquidation price: $373.13https://t.co/W0anYjkwVbpic.twitter.com/d0HE4CgvcJ
Implications for ZEC Holders
This development may signify increasing institutional or significant investor interest in ZEC, a privacy-centric cryptocurrency that often operates with less market visibility compared to major assets like Bitcoin or Ethereum. Should this trend persist and attract additional large-scale positions, it could contribute to a rise in ZEC's price and market presence in the upcoming weeks.
While the actions of large holders do not guarantee future price movements, they can sometimes precede broader market shifts. Retail traders and market analysts will be closely observing whether this is an isolated event or the beginning of a larger trend for ZEC whales.