A CRYPTO WHALE IS DOWN $30M ON ZCASH AND HIS EXCUSE IS WILD ๐จ๐๐
$ZEC recently surged past $1,500 in a massive rally, but prominent whale trader Garrett Jin decided to bet heavily against it on Hyperliquid. ๐ฅ๐
That short trade went horribly wrong. As $ZEC kept climbing, his paper losses topped $30M, forcing him to wire 35,001 ETH (about $85M) from Binance just to avoid getting liquidated. ๐ธโก๏ธ
Facing heat from traders, Jin claimed he is not bearish on Zcash. He showed records of 202,100 ZEC (worth about $310M) withdrawn from Binance, arguing the short was just insurance for a client. ๐ก๏ธ๐งพ
However, community analysts quickly spotted three red flags:
๐น The withdrawal screenshots date back to December 2025, over 9 months ago.
๐น Zcash privacy pools make it impossible to prove those coins are still in his wallet.
๐น The short bet only covers 19% of that stash (just $190 of cover for every $1,000 in coins).
If those coins were already sold, this whale is facing a brutal short squeeze. โ ๏ธ
Do you think he actually holds those coins? ๐
#Zcash #ZEC #CryptoTrading #Binance #WhaleAlert
$ZEC recently surged past $1,500 in a massive rally, but prominent whale trader Garrett Jin decided to bet heavily against it on Hyperliquid. ๐ฅ๐
That short trade went horribly wrong. As $ZEC kept climbing, his paper losses topped $30M, forcing him to wire 35,001 ETH (about $85M) from Binance just to avoid getting liquidated. ๐ธโก๏ธ
Facing heat from traders, Jin claimed he is not bearish on Zcash. He showed records of 202,100 ZEC (worth about $310M) withdrawn from Binance, arguing the short was just insurance for a client. ๐ก๏ธ๐งพ
However, community analysts quickly spotted three red flags:
๐น The withdrawal screenshots date back to December 2025, over 9 months ago.
๐น Zcash privacy pools make it impossible to prove those coins are still in his wallet.
๐น The short bet only covers 19% of that stash (just $190 of cover for every $1,000 in coins).
If those coins were already sold, this whale is facing a brutal short squeeze. โ ๏ธ
Do you think he actually holds those coins? ๐
#Zcash #ZEC #CryptoTrading #Binance #WhaleAlert
