Odaily reported, citing monitoring by Onchain Lens, that ZEC rose above $530 and two large ZEC-related long positions showed sizable unrealized gains. Garrett Jin, described in the report as the agent of the “1011 insider whale,” holds a 2x ZEC long position that is currently showing more than $4.7 million in unrealized profit.
Two ZEC long positions show notable floating profit
The same monitoring data also showed that whale Loracle’s 10x leveraged ZEC long position had reached $6.87 million in unrealized profit. Both reported positions are long positions tied to ZEC, with Garrett Jin’s position using 2x leverage and Loracle’s position using 10x leverage.
Unrealized profit refers to profit calculated at the current price before a position is closed, meaning the final result depends on the closing outcome. In derivatives trading, a long position is associated with upward price exposure, while a higher leverage multiple increases the position’s sensitivity to price movements. The disclosed information centers on ZEC breaking $530 and the floating profit figures for the Garrett Jin and Loracle positions.