$ZEC Whale's $224.5M Profit: Largest Zcash Short Holds Spot Long
The whale pulled 202,078 ZEC off Binance at $437 nine months ago, and ZEC's run since has turned the spot stack into a nine-figure paper gain while the short stays open.
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The whale pulled 202,078 ZEC off Binance at $437 nine months ago, and ZEC's run since has turned the spot stack into a nine-figure paper gain while the short stays open.
The migration keeps the ticker and supply but leaves timing, claims, and Solana staking unresolved.
The move would replace ZETA’s standalone proof-of-stake role with access to Solana’s liquidity and AI payments stack, while exchanges and a second vote still control the timetable.
Garrett Jin doubled down 11 hours ago instead of cutting, leaving a 37,760 ZEC position sitting just above a $2,631 liquidation trigger.
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