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      Garrett Jin Sells 35,000 ETH for $87.5 Million, Adjusts ZEC Short Position

      Garrett Jin, a notable cryptocurrency whale, has sold 35,000 Ethereum (ETH) for a total of $87.5 million. The transaction occurred shortly after Jin withdrew the ETH from Binance, executing the sale at a price of $2,500 per ETH.

      Following the sale, Jin adjusted his margin for a short position in Zcash (ZEC), resulting in an increase in the liquidation price from $2,631 to $4,738. This adjustment reflects an unrealized loss of approximately $30 million on the short position, indicating a significant shift in Jin's trading strategy amidst current market conditions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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