TechFlow reported on June 14 that, according to on-chain data monitoring, Garrett Jin, described by the market as the agent of the “1011 insider whale,” recently placed new ZEC orders. The monitored data shows that Jin submitted six ZEC limit buy orders at the price level of $409.12. The activity was recorded through publicly available on-chain monitoring data.
Public data shows that the account currently holds a leveraged long position of about 1,268.33487 BTC with 5x leverage. At the same time, it also holds a leveraged long position of about 50,013.17 ZEC with 2x leverage. Both positions are on the long side, and the assets involved include Bitcoin and Zcash.
Based on current market prices, the account’s overall positions are temporarily carrying an unrealized loss of about $15.4 million. The reported return on investment, or ROI, is about -57%. The disclosed information focuses on the six ZEC limit buy orders, the BTC leveraged long position, the ZEC leveraged long position, and the account’s current floating profit-and-loss status.