Zcash Surges Past $1,200 as Hyperliquid Short Faces $25.7 Million Paper Loss
Zcash blasted past $1,200, slamming one major Hyperliquid short with about $25.7 million in unrealized losses. The move was fueled by a mix of leverage, renewed privacy-coin interest, and Grayscale’s ZCSH launch — though the wallet’s alleged owner is not independently verified.
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