ZEC: Garrett Jin Holds $312.8M Spot Position

Garrett Jin (@GarrettBullish), the largest ZEC short, currently holds 202,078 ZEC ($312.8M) after withdrawing the tokens from Binance nine months ago at $437, locking in a $224.5M unrealized profit on spot.

Price action on the 4h chart shows ZEC trading inside the Bollinger Bands with upper resistance at $1647.16 and lower support at $1235.26; with price testing upper Bollinger resistance while RSI sits at 67.98, a healthy retracement to the 50-EMA support at $1309.32 seems probable before further continuation. ZEC price prediction models now factor in this whale accumulation alongside broader crypto market crash risks and AI industry impact on blockchain demand.