Garrett Jin Catches ZEC Downturn and Locks in a $21.5M Paper Gain

The price of Zcash saw a steep reversal after recently reaching a high of $644.51. Over the following two days, the token declined significantly to $338.88, erasing much of its recent upward momentum.

Amid this move, BitForex founder Garrett Jin reportedly maintained a short position against the rally. As the decline unfolded, the position has resulted in more than $21.5 million in unrealized gains.

Source: Lookonchain