Jiang Zhuoer: 200K ZEC (1% of supply) is potential sell pressure, I won't trade
- —Jiang Zhuoer declined to trade ZEC, citing information inequality with large holders
- —About 200,000 ZEC — roughly 1% of emission — was named as potential sell pressure
- —ZEC fell to $1,445 amid questions over Garrett Jin's short position
- —Jin may have disclosed a large spot position to attract counterparties into the short
Why it matters: The risk of 1% of ZEC's emission hitting the market weighs on the price, while the clash between a large holder and shorts amplifies volatility.
Source: TokenPost