Crypto Address With $121.9M in Cumulative Gains Cuts Zcash Short by 6,475 Tokens

A crypto address with about $121.9 million in cumulative contract profits reduced its net Zcash (ZEC) short exposure by 6,475.04 tokens in trades from Oct. 21 to Oct. 22. It closed a short position valued at about $11.4 million at an average price of $1,309.16, booking a loss of about $661,300. The address then opened a new short worth about $2.94 million at an average price of $1,313.63. The trades took place from 4:53 p.m. ET Oct. 21 (20:53 UTC) to 1:35 a.m. ET Oct. 22 (05:35 UTC).