Garrett Jin Whale Becomes Largest Native Zcash Short Holder as ZEC Rallies Above $1,200

On-chain analyst Yu Jin said the Garrett Jin whale entity (0x92ea...050e9) is the largest holder of native Zcash short positions. According to Odaily, the entity opened a short position on 32,760 ZEC in early July at $444, and the position is now down $25.7 million after ZEC rose from $400 to above $1,200 over the past three months. The entity also holds a Bitcoin long position worth $107 million, which is up $4.42 million, but it has paid $2.05 million in funding fees.