Lookonchain said the trader described as the agent of the “1011 insider whale” resumed trading ZEC, flipping from short to a 2x leveraged long that was showing an $812,000 unrealized loss.
A wallet linked to Garrett Jin resumed trading ZEC and flipped from a profitable short to a leveraged long position, underscoring the sharp directional swings often seen in high-risk crypto trading. PANews reported on June 10, citing Lookonchain, that Jin, described as the agent of the “1011 insider whale,” opened a 2x long position of 27,723 ZEC worth $11.9 million. The position was showing an unrealized loss of $812,000 at the time of the report. Earlier coverage had said a Jin-linked wallet opened a 2x leveraged long of 27,300 ZEC on HyperLiquid after making about $11.24 million shorting ZEC, while also holding a separate 5x leveraged BTC long with an unrealized loss exceeding $18.46 million. The updated figures suggest the ZEC trade was reported later with a larger position size and current mark-to-market loss as the trader maintained an aggressive, leveraged strategy.