Wallet linked to BitForex founder sells 35,000 ETH for $87.5 million

  • A wallet linked to BitForex founder Garrett Jin withdrew 35,000 ETH from Binance and sold the tokens for about $87.5 million at $2,500 each.
  • Part of the proceeds was added as collateral to a ZEC short with about $30 million in unrealized losses, raising its liquidation price from $2,631 to $4,738.
  • BTC.top founder Jiang Zhuoer said he repurchased Bitcoin sold at $77,226 and forecast $80,000-$84,000 as Bitcoin remained above $76,000.

A wallet linked to BitForex founder Garrett Jin withdrew and sold 35,000 ETH for about $87.5 million at $2,500 per token, then added part of the proceeds as collateral to a ZEC short carrying about $30 million in unrealized losses. The move raised the position's liquidation price from $2,631 to $4,738. Separately, BTC.top founder Jiang Zhuoer said he repurchased Bitcoin previously sold at $77,226 and forecast a rise to $80,000-$84,000 amid strong buying pressure and obstacles for the Clarity Act.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.