Garrett Jin Sells ETH to Bolster ZEC Short Position

On-chain analyst 余烬 reported that the whale entity Garrett Jin sold 35,000 ETH (approximately $87.5 million) at $2,500 per token. The proceeds were used to add margin to a ZEC short position currently experiencing a $30 million floating loss, raising the liquidation price from $2,631 to $4,738.