As Zcash rose above $530 on June 15, OnchainLens said Loracle’s leveraged ZEC bet gained further while the address also held an expanded 10x NEAR long and other crypto longs.
Loracle’s leveraged bet on ZEC became more profitable as Zcash climbed back above $530 on June 15, with OnchainLens saying the address’s 10x long showed about $6.87 million in unrealized profit, up from an earlier estimate of about $4.5 million. The address also increased its 10x NEAR long to 4.23 million NEAR and continued to hold long positions in HYPE, WLD, TON, ASTER, XMR and TSLA. Separately, OnchainLens said Garrett Jin’s 2x ZEC long showed more than $4.7 million in unrealized profit, while his 5x leveraged Bitcoin long widened to about a $12.55 million unrealized loss. Unrealized profit refers to paper gains on open positions that have not been locked in through a sale or closure.