A trader with an 89% win rate closed a Zcash short at a $10.68 million loss this week after the token climbed 177.8% in a month. Lookonchain flagged the closed trade before the exit, citing 26 consecutive wins and an 89% rate across 47 trades, a record that had produced more than $9 million in profit; the short covered 12,285 ZEC and was worth $18.31 million earlier, with liquidation set at $1,550.66, and Hyperliquid data shows the account now holds no positions at all. Garrett Jin holds the largest short still open, covering 37,999 ZEC worth $59.37 million, built at an average price of $671.05, leaving an unrealized loss of $33.87 million, though his 1,333 BTC long is up $4.41 million and his liquidation price of $4,789.42 sits above the 2016 record of $3,191.93. Other addresses are also seeing sharp losses: one account is down $12.53 million on a 13,487 ZEC short opened at $644.39, and another shorted 8,425 ZEC at $330.91 with 10 times leverage and now sits $10.47 million underwater. The rally has made ZEC the strongest performer among the 10 largest cryptocurrencies, trading near $1,563 and ranking ninth by market value at $26.47 billion, with Zcash ETFs taking in $98.2 million in the week ending September 18, the largest inflow among 14 products, as assets rose 40.5% to $914.5 million, while open interest in ZEC perpetuals on Hyperliquid stands at 574,045 ZEC, worth roughly $885 million.
ZcashZcash ETFs took in $98.2M, the largest inflow among 14 products, as assets rose 40.5% to $914.5M, driving ZEC's 177.8% monthly rally.
