ZEC has dropped more than 18% from a recent high, leaving a crypto whale with an unrealized loss exceeding $450,000 on a leveraged long position. The trader bought 4,135 ZEC worth $5.8 million through Aster DEX (decentralized exchange) using 5x leverage. Leverage increases market exposure relative to the trader’s capital, magnifying both gains and losses. Lookonchain reported the position and its current loss in a monitoring update.