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Zcash Price: Garrett Jin Adds to $47M Losing Short Position
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Trader Garrett Jin has increased his Zcash (ZEC) short position on Hyperliquid to 39,760 ZEC, worth about $47.22 million. The position has a liquidation price of $2,292 as ZEC trades around $1,190. Jin’s ZEC short has moved deeply underwater as the token surged from levels below $1,000. Jin has previously made more than $11 million from ZEC short trades, but his latest position faces significant unrealized losses as Zcash continues to rally.
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