Garrett Jin's ZEC short down $30M after Zcash rally
- —Garrett Jin's short: ~37,760 ZEC, loss of about $30 million
- —ZEC rose more than $100 a day, peaking at ~$1,500
- —The address previously withdrew 35,000 ETH worth $85.11 million from Binance
Why it matters: A large unrealized loss on the short raises the risk of a forced buyback of ZEC, which could amplify volatility.
Source: PANews