{"id":139584,"date":"2026-09-04T10:05:19","date_gmt":"2026-09-04T10:05:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=139584"},"modified":"2026-09-04T10:05:19","modified_gmt":"2026-09-04T10:05:19","slug":"garrett-jins-zec-short-bleeds-over-18m-as-zcash-explodes-past-1000","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=139584","title":{"rendered":"Garrett Jin\u2019s ZEC Short Bleeds Over $18M as Zcash Explodes Past $1,000"},"content":{"rendered":"<div>\n<p>The wild nature of the cryptocurrency markets has returned for some major altcoins, such as the privacy coin leader, Zcash (ZEC). The token skyrocketed to a new multi-year peak of just over $1,000 earlier today.<\/p>\n<p>The move caught many traders, including Garrett Jin, unprepared. Data from Lookonchain outlined his massive loss due to a short squeeze.<\/p>\n<p>The analysts provided a screenshot from a wallet linked to Jin, showing that he had entered a massive short for 32,760 ZEC (currently worth over $33 million) at prices well below the current level of $444.<\/p>\n<p>Given the asset\u2019s substantial rally in the past several days, Jin had to add to his short position over time before ultimately realizing a loss of over $18.5 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As <a href=\"https:\/\/x.com\/search?q=%24ZEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ZEC<\/a> broke above $1,000, Garrett Jin (<a href=\"https:\/\/x.com\/GarrettBullish?ref_src=twsrc%5Etfw\">@GarrettBullish<\/a>) has lost over $18.5M on his 32,760 <a href=\"https:\/\/x.com\/search?q=%24ZEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ZEC<\/a> ($33.11M) short.<a href=\"https:\/\/t.co\/bLk5NAoS2r\">https:\/\/t.co\/bLk5NAoS2r<\/a> <a href=\"https:\/\/t.co\/YiAA6oySEo\">pic.twitter.com\/YiAA6oySEo<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/x.com\/lookonchain\/status\/2095801566905418101?ref_src=twsrc%5Etfw\">September 4, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The privacy coin is among the top performers in the past 24 hours. Its daily gains stand at over 21% as of now, as its price jumped to $1,020 for the first time in eight years. Moreover, ZEC\u2019s value has <a href=\"https:\/\/cryptopotato.com\/zcash-zec-explodes-to-an-8-year-high-but-an-analyst-warns-of-a-major-crash\/\">doubled<\/a> since the market broke out on August 19, when it traded at around $500.<\/p>\n<p>Data from CoinGlass indicated that the total value of wrecked ZEC positions is up to $36 million, meaning Jin\u2019s wipeout accounted for half of it.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/garrett-jins-zec-short-bleeds-over-18m-as-zcash-explodes-past-1000\/\">Garrett Jin\u2019s ZEC Short Bleeds Over $18M as Zcash Explodes Past $1,000<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The wild nature of the cryptocurrency markets has returned for some major altcoins, such as the privacy coin leader, Zcash (ZEC). The token skyrocketed to a new multi-year peak of just over $1,000 earlier today. The move caught many traders, including Garrett Jin, unprepared. Data from Lookonchain outlined his massive loss due to a short [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-139584","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/139584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=139584"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/139584\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=139584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=139584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=139584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}