Whale Garrett Jin has continued shorting ZEC, adding 7,000 more ZEC short positions at about $1,195 each, according to EmberCN monitoring. According to ChainCatcher, the new addition increased the entity's total ZEC short position to 39,760 ZEC.

The position's notional value is now about $47 million, and its average short entry price has risen from $444 to about $576.3 after the latest increase. The unrealized loss on the overall ZEC short position has reached about $24 million based on current market prices.