Garrett Jin Holds $320M in ZEC, $60M Short Is Partial Hedge
- —202,080 ZEC withdrawn from Binance in December for $88.3 million
- —Current position value is $320 million at $1,580 per ZEC
- —Short of 38,000 ZEC ($60 million) on Hyperliquid with a $34.5 million loss
- —Tokens were withdrawn and returned but remained in the wallet
Why it matters: A large whale holds spot ZEC and hedges with a short, reducing selling pressure and supporting the price.
Source: PANews