Garrett Jin: ZEC Short Closed for $11.24M Profit

Garrett Jin whale entity closed its ZEC short on Hyperliquid for an $11.24 million profit after covering at $430 on June 7, having opened the position at $626 two weeks earlier amid the Zcash vulnerability exploit June 2026 price impact that drove the token to $250 lows. The same address immediately flipped long 27,700 ZEC at $459 for a $12 million notional, now showing a $600,000 unrealized loss, while its separate $78.4 million BTC long sits $18.15 million underwater. On the 4h chart ZEC trades at $432.53 inside the Bollinger Bands with EMA50 resistance at $459.63 and EMA200 at $492.48 defining the bearish structure, yet the MACD golden cross at 0.34 offers early momentum relief as RSI holds neutral at 48.25, suggesting any push toward upper-band resistance near $486 could stall before a retest of the 50-EMA confluence. This sequence aligns with documented Garrett Jin Hyperliquid whale trading history and informs near-term ZEC price prediction models that factor the recent exploit-driven volatility.