zec

According to on-chain analyst Yu Jin's monitoring, BTC OG insider whale agent Garrett Jin has just closed a long position in BTC worth approximately 107 million USD, totaling 1,331 BTC. This position was held for about three and a half months, ultimately realizing a profit of around 1.02 million USD. Currently, his account only has a large short position in ZEC, holding approximately 39,760 ZEC, with a nominal value of about 47 million USD, and an unrealized loss of about 24 million USD.Previous data showed that Garrett Jin's short position in ZEC has been continuously suffering from significant unrealized losses. Notably, Garrett Jin had earlier added to his heavily losing short position in ZEC, and then completely closed out his long position in BTC that was in profit.Yu Jin humorously remarked that this kind of operation is quite similar to ordinary investors: quickly selling profitable positions while stubbornly holding onto losing positions and continuously adding to them.

According to EmberCN monitoring, the whale Garrett Jin has not stopped shorting ZEC and has just added 7,000 ZEC short positions at a price of about $1,195, worth approximately $8.4 million, further increasing the overall short average price.After this increase, the entity's ZEC short position has grown to 39,760 ZEC, with a nominal value of about $47 million; due to continuing to add positions at high levels, its overall short price has risen from the previous $444 to about $576.3. Based on the current market conditions, its overall floating loss on ZEC short positions has reached approximately $24 million.

According to @ai_9684xtpa's monitoring, the smart money that previously spent 20 million dollars to go long on ZEC has accumulated profits or expanded to 11.37 million dollars.On September 4, when the ZEC price was 985 dollars, the address had an unrealized profit of 8.465 million dollars. Currently, with the coin price up 22%, assuming the position remains unchanged, the unrealized profit will further expand to 10.34 million dollars. Adding the previously realized profit of 1.038 million dollars, this address has once again achieved a single coin profit exceeding 10 million dollars.

According to GMGN data, the top 5 trending sector tokens in the past 24 hours are as follows:ZEC (A7bd....XaS): Currently priced at $1190.52, market cap of $200 million, 24h increase of +11.6%, 24h trading volume of $88.99 million, number of trades 259,997;STONK (6GmA....Ngx): Currently priced at $0.1573, market cap of $200 million, 24h increase of +65.1%, 24h trading volume of $200 million, number of trades 169,938;Nasduck (7Y7V....aze): Currently priced at $0.0027, market cap of $2.52 million, 24h increase of +85.7K%, 24h trading volume of $8.78 million, number of trades 90,593;fone (CTPo....ump): Currently priced at $0.0107, market cap of $10.59 million, 24h decrease of -30%, 24h trading volume of $13.32 million, number of trades 70,220;BILL (33LZ....ump): Currently priced at $0.0003, market cap of $220,000, 24h increase of +7.5K%, 24h trading volume of $6.97 million, number of trades 84,724;

DeFi researcher Ignas posted on X that Bankless founder David Hoffman sold his ETH and reallocated to several coins with the largest gains, such as LIT and ZEC, with NEAR also performing well, while only VVV underperformed the market. Although the market was filled with panic at that time, and it was very close to the bottom of ETH, the goal of aggressive crypto investors has always been to outperform BTC and ETH.Previously, it was reported that Bankless co-founder David Hoffman announced in June this year that he had liquidated his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.

According to Ember Monitoring, as the price of ZEC rose from $400 to over $1200 within three months, the largest short position holder, Garrett Jin, faced an unrealized loss of $25.7 million. He opened a short position of 32,760 ZEC at the beginning of July, with a short price of $444.This whale also holds $107 million in long positions of BTC, with an unrealized profit of $4.42 million, but has paid a funding fee of $2.05 million.

According to GMGN data, the Solana ecosystem meme coin ZCAT's market capitalization surpassed 170 million USD this morning, setting a new historical high, currently reported at 141 million USD, with a 24H increase of over 220%. It is reported that ZCAT is a meme coin built around the Zcash privacy narrative, depicted as an anonymous cat wearing a paper bag.Its core gameplay is to continuously distribute the profits generated from transactions to ZCAT holders in the form of ZEC, creating a narrative of "holding meme coins to earn ZEC." Crypto KOL Ansem has repeatedly posted ZCAT-related content on X. According to market news, meme coin prices are highly volatile, and investors are advised to participate cautiously.

According to Onchain Lens monitoring, a certain whale transferred 10.2 million USD from CEX to Hyperliquid two days ago and then added a deposit of 4.5 million USD in USDC. Currently, it holds a total value of 106.6 million USD in short positions, with an unrealized loss of 19.62 million USD. Among these, the short position in ZEC has an unrealized loss of 14.19 million USD, and the short position in HYPE has an unrealized loss of 5.32 million USD. Over the past 20 days, this whale has accumulated a loss of 20.17 million USD.

According to Coinglass data, ZEC broke through 1,200 USD, setting a new historical high, with a liquidation amount of 44.29 million USD in the past 24 hours, the highest in the network, including 41.84 million USD in short liquidations.

According to GMGN data, the market capitalization of the Solana ecosystem Meme ZCAT briefly surpassed 69 million USD in the morning, and has now fallen back to 55 million USD, with a 24H increase of over 230%. It is reported that ZCAT is a Meme coin built around the Zcash privacy narrative, represented by an anonymous cat wearing a paper bag.Its core gameplay is to continuously distribute the profits generated from transactions to ZCAT holders in the form of ZEC, creating a narrative of "holding Meme coins to earn ZEC." In addition, crypto KOL Ansem commented on the related introduction and replied, "imagine. $ZCAT." According to market news, the prices of Meme coins are highly volatile, and investors are advised to participate with caution.

According to on-chain analyst Yu Jin's monitoring, after ZEC broke through 1000 USD, a whale holding for over 2 years with an average price of 48.44 USD transferred 22,840 ZEC (23.11 million USD) to Binance half an hour ago, realizing a profit of 21.96 million USD (20 times).They accumulated ZEC from Binance between 2021 and 2024 and took profits today.

The cryptocurrency-themed comic creator Bold posted that their wallet was hacked, and all funds in the wallet were stolen. On-chain detective ZachXBT subsequently stated that some of the stolen funds' flow has been tracked.Approximately $51,000 was exchanged for ZEC, about $43,000 was exchanged for ETH; another approximately $43,000 was transferred from Solana to Ethereum via Mayan Finance, around 480 SOL was transferred via Near Intents, and about 51 ZEC was transferred to a blacklisted address via Near Intents.

According to Onchain Lens, early Bitcoin investor Garrett Jin holds approximately 32,760 ZEC short positions through the address "0x92ea...050e9", with a nominal size of about 32.9 million USD. Based on the current ZEC price of 1004 USD, this has resulted in an unrealized loss of about 18.36 million USD compared to the entry price of 444 USD, with a liquidation price of approximately 2609.8 USD.The same address also holds about 1,330 BTC long positions, with an unrealized profit of about 5.15 million USD. The total unrealized profit and loss from both positions amounts to a loss of approximately 13.21 million USD.

Since its listing on the NYSE Arca on August 25, the Grayscale Zcash ETF (ZCSH) has seen a cumulative net inflow of approximately $34.4 million. Launched by Grayscale, ZCSH is the first exchange-traded product to provide spot exposure to ZEC.According to Gate market data, ZEC has surpassed $1000 today, reaching a historic high, with ZEC increasing by approximately 31% since the listing of the Zcash ETF.

According to Bitget market data, ZEC briefly reached 995.58 USDT, setting a new historical high. It is currently reported at 988.23 USDT, with a 24-hour increase of 19.55%.

According to the official announcement, Binance will update the cross-currency margin borrowing and withdrawal collateral rates, portfolio margin collateral rates, and tiered collateral rates for certain assets on September 4, 2026, at 06:00 (UTC), which is expected to take about 30 minutes.The collateral rate for ZEC will be raised from 50% to 70%; AIXBT, RARE, KSM, CATI, RED, FLUX, PIXEL, RONIN, SAGA, and BICO will be lowered from 30% to 10%; SYRUP will be raised from 10% to 30%. In addition, the portfolio margin Pro tiered collateral rate for SYRUP will also be adjusted. Users should closely monitor uniMMR to avoid potential liquidation risks.

The privacy-focused cryptocurrency Zcash has increased approximately 19 times in the past year, but its market capitalization is still less than 1% of Bitcoin. Digital asset management company Grayscale states that financial privacy, cybersecurity development, and cross-chain connectivity capabilities may drive Zcash to further expand its market share. As of today, Bitcoin's market capitalization is $1.56 trillion, while Zcash's market capitalization is $13.74 billion, about 0.88% of Bitcoin's, with Bitcoin's market cap being approximately 114 times that of Zcash.Grayscale estimates that if ZEC reaches 2%, 5%, and 10% of Bitcoin's market capitalization, the corresponding prices would be $1,622, $4,054, and $8,109, respectively; these scenarios are not price predictions. Grayscale's Zcash ETF began trading on NYSE Arca under the ticker ZCSH, moving from OTCQX to NYSE Arca, providing investors with spot ZEC exposure without the need to directly purchase tokens or manage wallets and private keys. Zcash uses proof-of-work and has a fixed supply of 21 million coins, supporting the concealment of transaction details through zero-knowledge proofs. Its intents technology can coordinate cross-chain transactions based on user goals, such as exchanging other digital assets for ZEC.

Grayscale Research stated that Zcash (ZEC), as a decentralized digital currency with privacy features similar to Bitcoin, is expected to pose a real challenge to Bitcoin's network effects.Grayscale believes that Zcash has advantages such as financial privacy not available with Bitcoin, ongoing development to address network security risks like quantum computing, and cross-chain connectivity through "intention" technology. These features may become increasingly important in the AI-driven surveillance era.Grayscale pointed out that ZEC has increased approximately 19 times over the past year, but its current market capitalization is still less than 1% of Bitcoin's. The institution believes this indicates that there is still competitive space in the currency-like crypto asset sector, and Zcash may continue to expand its market share. However, Grayscale also emphasizes that investing in Zcash is high-risk, and even if it successfully challenges Bitcoin, it is unlikely to rise in a straight line.

According to a post by Santiment, Grayscale has converted its Zcash trust established in 2017 into a spot ETF, trading on NYSE Arca since August 25. The price of ZEC rose from about $509 on August 18 to about $852 on August 23, an increase of approximately 65%.Santiment stated that social mentions peaked at 232 times on August 22, about six times the baseline level for August, and then fell back to baseline on the day the ETF launched. Interest peaked the day before the price topped, and enthusiasm had waned before the fund opened. As of the post, ZEC is about $796, down approximately 6% from its peak. The market is more in a "rumor" phase, and when the news landed, funds had already begun to exit.