A trader with an 89% win rate closed a Zcash position on September 19 to realize a $10.68 million loss. Garrett Jin, the asset's largest short seller, currently holds an unrealized loss of $33.66 million with a liquidation price of $4,792.01. The price movement above $1,500 forced several traders to exit, including one who stopped out of a $24.4 million short for a $10.7 million loss, which turned a $9 million profit into a $1.57 million deficit.

A whale identified as t1Lyq moved $362.56 million in ZEC and deposited $15 million to Coinbase, marking the first exchange deposit for the account in 10 months. Those coins were valued at $163.88 million upon their initial arrival in 2025. Other privacy tokens Zano and Firo also trended on CoinGecko following the rally.