The post Zcash Whale Loses $2.4M in Leverage Liquidation Wipeout appeared on BitcoinEthereumNews.com.

A high-net-worth trader suffered a $2.38 million loss after forced liquidations wiped out their Zcash positions. The event erased nearly 100% of the account’s value, leaving a residual balance of just $23,000. ZEC prices dropped 6.6% to $474, punishing late entrants chasing the Grayscale ETF rally. A leveraged Zcash trader has experienced one of the greatest performance declines on HyperTracker in recent weeks, following a series of forced liquidations that erased nearly all account equity within hours.  According to the latest dashboard data, the account tied to wallet 0x9bf3….bf6cf9 now reflects a remaining balance of $23,942.44 following a sequence of large ZEC long positions that unravelled early on November 28.  The incident ranks as one of the most severe single-asset wipeouts captured by the platform, with the trader’s cumulative losses reaching –$2.38 million across multiple perpetual futures positions. Transaction logs indicate the trader aggressively opened multiple “Long” positions between 04:49 and 04:51 UTC, entering at prices around $487–$488. These positions, valued at roughly $100,000 each with high leverage, effectively bet on an immediate rebound.  The market moved against the trade. As ZEC prices slipped below $465, the exchange’s risk engine triggered a series of forced liquidations. The Damage: Four major positions were closed simultaneously at prices between $447.88 and $452.72. The Cost: Realized losses on these specific trades totaled over $1.58 million. Cumulative losses for the account now stand at -$2.38 million, leaving a residual balance of just $23,942—a near-total equity collapse. Related: Zcash Extends Strong Breakout as Traders Track ZEC/BTC Momentum and Renewed Warnings ZEC Market Movement Adds Pressure Zcash’s price movement during the liquidation window shows a clear downward shift. ZEC was trading at $474.17 after a 6.64% decline over the past 24 hours, experiencing a decline followed by an early-morning drop that pushed the asset below $465.…

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Filed under: News - @ November 28, 2025 8:21 pm