Despite a significant downward trend in the privacy coin sector, prominent trader solanadoomer has emerged as the fourth-largest long position holder for Zcash (ZEC). According to data provided by on-chain analyst Ai Yi on October 18, 2026, the trader is maintaining high-leverage exposure to both ZEC and Ethereum (ETH) despite recent market pullbacks. This aggressive positioning comes at a time when ZEC has experienced a price correction of over 24% within the last 30 days.
Detailed Analysis of ZEC and ETH Leveraged Positions
The trader’s portfolio reveals a high-risk strategy involving substantial leverage on the Solana and Ethereum blockchains. Monitoring of on-chain activity indicates that solanadoomer is currently managing two primary positions with varying degrees of success:
- The trader holds a 10x leverage long position on ZEC, totaling 10,000 coins valued at approximately $0.36 million. With an entry price of $146.86, this position currently faces an unrealized loss of $91,000.
- In contrast, a 25x leverage long position on ETH is performing better. The trader holds 2,000 ETH (valued at roughly $4.82 million) with an opening price of $2,376.18, resulting in an unrealized profit of $59,000.
Market Context and Privacy Coin Trends
The decision to double down on Zcash—a leading privacy-centric cryptocurrency utilizing zk-SNARKs technology—is notable given the broader market sentiment. Privacy coins have faced increased regulatory scrutiny and liquidity challenges on centralized exchanges in recent months, contributing to the 24% monthly decline. By securing a spot as a TOP4 long position holder, solanadoomer is effectively betting against the current bearish momentum affecting the asset.
The contrast between the ZEC loss and the ETH profit highlights the volatility inherent in high-leverage trading. While the Ethereum position provides a buffer, the concentrated bet on a ZEC recovery remains a high-stakes move within the DeFi ecosystem. Market observers continue to track these addresses to determine if the trader will liquidate or further margin their holdings if the ZEC price fails to stabilize above the $140 threshold.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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