A well-known major investor bought Zcash (ZEC) against the trend, investing $17.53 million to establish a 10x leveraged long position, purchasing 42,498 ZEC at an entry price of approximately $412. Previously, due to the collective resignation of the Electric Coin Company team, Zcash's price dropped 26%, and this major investor immediately adopted an aggressive trading strategy. The trader's portfolio is valued at over $250 million, including assets such as Bitcoin and Ethereum. He seems to be betting on a V-shaped rebound for Zcash, believing that the recent sell-off was an overreaction by the market and that ZEC's current price is undervalued.