Whale Garrett Jin Faces $25.7 Million Unrealized Loss as ZEC Surges to $1,200

ZEC has surged from $400 to over $1,200 in three months, causing major short seller Garrett Jin to face an unrealized loss of $25.7 million. The whale opened a short position of 32,760 ZEC in early July at an average price of $444. Additionally, the whale holds a $107 million long position in BTC, which shows an unrealized profit of $4.42 million, though $2.05 million has been paid in funding fees.