Garrett Jin Whale Increases ZEC Short to $15.08M, Down $530K on July 6

According to on-chain analyst Yanzhe, the Garrett Jin whale entity increased its ZEC short position to $15.08 million on July 6, with an average entry price of $444. The position currently carries an unrealized loss of $530,000. The whale had opened the short nine days prior and added to it one hour before the report.

The entity had previously profited from two ZEC trades: selling at $626 in late May (generating $11.24 million gain on a $36 million position before ZEC plunged due to a vulnerability), and buying at $439 before closing at $447 for a $420,000 gain.