ZEC breaks through 1600 USD, and address “0xE34E”50 x long position has approximately 70700 USD
BIBIBI
AT A GLANCE
According to Lookonchain, address “0xE34E” used 50 x leverage to go long 140 ZEC, with unrealized profit of approximately 70700 USD。
Article
Address “0xE34E”50 x leverage to go long 140 ZEC, with an approximate return of 1581%
PANews September 23 news, citing Lookonchain, reported that the privacy coin ZEC broke through 1600 USD level. A trader on the decentralized exchange Aster DEX whose address is “0xE34E” used 50 x leverage to go long 140 ZEC, with an initial notional position of approximately 224000 USD. The position currently has approximately 70700 USD, with a notional return of approximately 1581%。
PANews said the news was published on September 23。
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PANews, citing Lookonchain, reported that the price of ZEC broke through 1600 USD level.
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A trader on Aster DEX whose address is “0xE34E” used 50 x leverage to go long 140 ZEC.
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The position’s initial notional size was approximately 224000 USD。
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At the time of publication, the position had approximately 70700 USD, with a notional return of approximately 1581%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The trader used 50 x leverage to bet on a rise in the price of ZEC. The report indicated that the position was in profit at the time, but the profit had not yet been realized.
Why it matters to readers
The high leverage magnified the trade’s notional return and made the position data a market focus.
Beginners should distinguish between “unrealized profit” and profit that has already been realized; the approximately 1581% mentioned in the article is a notional return and does not represent the final gain.
Risks and unknowns
This information comes from a PANews report citing Lookonchain; the original text did not provide on-chain records or a position page for verification.
Unrealized profit and notional return change with the position and price; the current status cannot be confirmed from the original text.
The original text did not specify the entry price, margin amount, liquidation price, or the trader’s identity.
The original text did not further explain whether the “approximately 1581%” return stated in the title uses exactly the same basis as the “approximately 1581%” notional return in the body.
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50 x leverage
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