ZEC rally above $1,500 liquidates Trader 0x3c83's $1 million short

  • Trader 0x3c83's 767.2-ZEC short, worth about $1 million, was fully liquidated as ZEC rallied.
  • ZEC rose from $1,101 to $1,383, reached $1,396, and later peaked at $1,513.13 before retreating to about $1,470.
  • Zcash holders backed 25-second blocks and delayed the network sustainability mechanism until February 2031 as the token's market value reached $22.98 billion.

Trader 0x3c83 was fully liquidated on a 767.2-ZEC short worth about $1 million after switching from a long as Zcash continued its sharp rally. ZEC briefly broke above $1,500, reaching $1,513.13 early on Sept. 18 before retreating to about $1,470, while remaining up more than 10% over 24 hours, according to OKX market data cited by Odaily Planet Daily and PANews. The rally followed governance votes supporting faster block times and delaying a network sustainability mechanism, while Paradigm co-founder Matt Huang described Zcash as a privacy complement to Bitcoin and said Paradigm owns ZEC. Zcash's market value reached $22.98 billion, ranking it ninth among cryptocurrencies.

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