ZEC rally leads to $30 million unrealized loss for Garrett Jin's short position
According to Ember, Zcash (ZEC) has experienced consecutive daily gains exceeding $100, briefly touching $1,500. The whale entity Garrett Jin, a major short seller, currently holds approximately 37,760 ZEC in short positions, resulting in an unrealized loss of about $30 million. The entity also holds 35,000 ETH (approximately $85.11 million) withdrawn from Binance, which has not seen further activity.
Summaries are written by AI from the original article. Not investment advice.