ChainCatcher report: According to on-chain analyst Aunt Ai, ZEC, the leading privacy coin, plunged 43% in the past 24 hours, erasing nearly all of its recent gains. Garret Jin’s short position worth $19.45 million has generated an unrealized profit of $16.48 million, achieving a return of 137.8%. Entered at $626.47, the current price is $327.59. This extraordinary trade’s unrealized profit is nearly offsetting his BTC unrealized loss of $18.14 million, making him the top-ranked account for unrealized profits on ZEC on Hyperliquid.
Garret Jin's $19.45M ZEC short position generates $16.48M profit
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Summary
The privacy coin ZEC dropped 43% in 24 hours, wiping out two months of gains. Garret Jin’s $19.45 million short position has now gained $16.48 million, yielding a 137.8% return. The trade was initiated at $626.47, with ZEC now trading at $327.59. This profit nearly offsets his $18.14 million loss on BTC. Jin is the top ZEC floating profit account on Hyperliquid. Top altcoins experienced sharp price swings as trading volume surged.
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