New Wallet Deposits $3.62M USDC for Zcash Long Position

A newly formed cryptocurrency wallet has taken a significant position in Zcash (ZEC), placing a leveraged long trade worth $3.62 million USD Coin (USDC). This move, involving a 10x leverage on the ZEC price, is likely to influence trading volumes and market dynamics. While the identity of this wallet remains unclear, its substantial investment may signal growing institutional interest in Zcash’s privacy features.