According to Lookonchain, a cryptocurrency analysis platform, Chinese crypto whale Garrett Jin holds the largest $ZEC short position on the chain. However, he appears to be giving up.
Jin recently closed a short position of 7,000 $ZEC ($8.16 million), incurring a loss of $4.12 million. Despite this, he still holds a short position of 32,760 $ZEC ($37.83 million), with an outstanding loss of $18.95 million. The liquidation price is stated as $2,857.
Lookonchain also reports that whales are buying Solana. According to them, a whale named “HURDw” purchased a total of 285,503 SOL (worth $28.82 million) on Hyperliquid in the last 3 weeks.
Another whale, who previously spent $4.73 million on $PONS, UNI, AAVE, and CASHCAT, purchased 3.48 million of the altcoin “4Stock” today by spending 163,256 USDT.
In addition, a wallet affiliated with the cryptocurrency trading company Cumberland is accumulating $PONS. According to the data, in the last 4 days, it withdrew 3.5M $PONS ($2.78 million) from Gate at an average price of $0.8.
The trader with the address “0xbebb” turned 4.4K into 780K in just 2 hours. This represents a 177x return.
According to the data, a trader who spent 4.4K USDC to buy 18.6M of the altcoin “4Stock” is now the largest investor in “4Stock,” with a value of 780K.
Lastly, Abraxas Capital bought 13,000 spot ETH ($32.39 million) to hedge its short position in Hyperliquid worth 141,180 Ethereum ($353.27 million).
*This is not investment advice.
