Zcash’s $1,200 Push Sustains, Sending Garrett Jin’s Short $25.7M Underwater

ZEC pushed past $1,200, leaving its largest short seller on Hyperliquid, Garrett Jin, with a $25.7 million paper loss on a position opened at $444. Onchain analyst EmberCN reported 32,760 ZEC shorted at an average entry of $444 in early July.