ZEC Plunges 50% in a Day! "BTC OG Whale's Insider Agent" Short Position Soars to the Top of On-Chain Rankings

BlockBeats News, June 5th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "BTC OG Insider Whale" agent Garrett Jin's address, holding a $19.45 million ZEC short position, has now realized a $16.48 million profit, with an average entry price of $626.47. The address currently ranks first on the ZEC profit leaderboard on Hyperliquid.

According to HTX market data, ZEC has dropped below $300 to trade at $263.19, representing a 24-hour price decrease of 54.84%.

Earlier reports revealed that the ZEC infinite issuance bug was discovered by Anthropic Opus 4.8. The Zcash Open Development Lab (ZODL) subsequently coordinated an emergency response within the Zcash ecosystem, and the necessary fix was completed on June 2nd.