ZEC Whale Sees $224M Unrealized Profit After Nine-Month Hold

A recent analysis by Lookonchain has revealed that an altcoin whale associated with Garrett Jin holds $224.5 million in profit on a spot position of 202,078 ZEC.

The assets were withdrawn from Binance approximately nine months ago when the price of ZEC was around $437.

This means that the current value of these holdings is now worth approximately $312.8 million, resulting in an unrealized profit of $224.5 million compared to its current value.

A separate short position of 38,000 ZEC associated with Garrett Jin is also evident from the data provided by Arkham, which shows that a total of 202,076 ZEC was sent from addresses labeled Binance Hot Wallet to the relevant address nine months ago.