News linked to both this project and an event.
According to monitoring by Ai Yi, ZEC has risen to become the 10th largest cryptocurrency by market cap, with the largest ZEC short position on Hyperliquid currently showing an unrealized loss of approximately $23.57 million. The position belongs to Garrett Bullish (the "1011 Whale" who previously faced a $230 million liquidation), currently holding a 2x short position of 32,759.57 ZEC valued at roughly $38.18 million, entered at $444 with a liquidation price of $2,566. Additionally, they hold a long position of 1,331.88 BTC, which currently shows an unrealized profit of approximately $3.6 million.
Odaily News: Crypto trader Li Ping stated that as AI develops, privacy will become increasingly valuable, adding, "Guard privacy, uphold the light of civilization - this is not a choice, this is a principle."He also showcased his long position on ZEC, currently holding a 4x leveraged long with an entry price of $367.41 and a latest price of $1,078.62, representing unrealized gains of approximately $10.066 million.
According to on-chain analyst Aunt Ai (@ai_9684xtpa), smart money address @yixie10 holds a $20 million long position in $ZEC (2x leverage), currently showing $1.038 million in realized profits and $8.465 million in unrealized gains, bringing cumulative profits to over $9.503 million. Previously most active on Hyperliquid, this address successfully targeted the AI sector for over $6.5 million in gains, with an equally outstanding track record in US equities. The address has not yet provided any take-profit level expectations.
According to on-chain analyst Ember (@EmberCN), as BTC pulled back slightly after breaking $80,000, the Garrett Jin whale entity added 600 BTC long positions in the early hours at around $79,000, valued at approximately $47.4 million. The entity has held its BTC longs for about three months. Its current total position stands at 1,868 BTC, worth roughly $147 million, with an average entry price of around $77,090. It briefly faced an unrealized loss of roughly $23 million in early July, but the recent rally has flipped this to an unrealized profit of about $2.78 million. Meanwhile, it holds a short position in 32,700 ZEC, with an average short entry price of approximately $444 and a position value of roughly $25.28 million, currently carrying an unrealized loss of about $10.74 million.
According to on-chain analyst Specter, B² Network on BNB Chain suffered a hack, resulting in a loss of approximately 8.591 million B2 tokens (approximately $3.86 million). The attacker swapped them for 5409 WBNB (approximately $3.11 million) and bridged to Ethereum, and is currently transferring the funds to Zcash via NEAR Intents.
Tushar Jain, Managing Partner of Multicoin Capital, posted on platform X, stating that a large amount of HYPE was unstaked yesterday, but not for the purpose of selling assets. He noted that because institutional capital flows are constantly tracked on-chain, it forces them to periodically rotate wallets, highlighting the importance of privacy infrastructure. This is why Multicoin Capital is long-term bullish on Zama and Zcash.Previously, according to on-chain analyst Yu Jin's monitoring, a suspected Multicoin Capital-related address (0xaB3...297) is selling 607,000 HYPE, worth $37 million.
according to Onchain Lens monitoring, a trader opened a $10.9 million short position on Hyperliquid, including 163.02 BTC (approximately $10.4 million) and 877 ZEC (approximately $463,000).
Trader Ansem stated that Zcash has been consolidating within the relevant range for nearly a year, identifying 750 as a key level to watch. He believes that if the price breaks out upward and sets a new high, the next phase of gains in the current trend could be quite rapid. Although he does not currently hold long positions, he believes that failing to allocate after the breakout is confirmed could be a mistake.
: Tushar Jain, Managing Partner of Multicoin Capital, stated that the crypto market has bottomed out and entered a turning point. Market sentiment has truly hit rock bottom, recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and there is a decoupling between price and fundamentals. He maintains a long-term bullish outlook on Solana, believing SOL represents the correct architecture for spot trading and tokenized securities. Simultaneously, he is bullish on Hyperliquid's leading position in the derivatives space and currently holds significant positions in both.Regarding ZEC, he stated that Multicoin has accumulated a considerable proportion of its supply and believes it represents the industry's return to "cypherpunk" values, with the potential to enter the top five by market cap. In terms of position management, he adopts a "three-way split" strategy: immediately buying the first third, dollar-cost averaging the second third, and reserving the final third as flexible capital to cope with significant market downturns. During the Zcash code vulnerability incident, after the team observed and confirmed no hacker exploitation, they significantly increased their positions.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale wallet with historical cumulative profits exceeding $38.75 million has reactivated after months of silence. Several hours ago, it deposited $892,000 USDC into Hyperliquid and staked HYPE, then opened two long positions: 14,290 ZEC (approximately $7.01 million, 10x leverage) and 1.62 million LIT (approximately $3.98 million, 5x leverage), with a total position size of approximately $10.99 million. Additionally, the wallet has placed limit orders planning to buy another 10,032 LIT.
The whale entity Garrett Jin established a ZEC short position 9 days ago and increased the position again 1 hour ago. Currently, its ZEC short position is valued at approximately 15.08 million USD, with an average short entry price of 444 USD and a current unrealized loss of approximately 530,000 USD.
According to Onchain Lens monitoring, a whale bought 9,663 ZEC on HyperLiquid at an average price of $416, worth $4.02 million, and subsequently withdrew them. The whale also holds a 2x long position on 12,009 ZEC, worth $5 million.
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
according to monitoring by Onchain Lens, a whale deposited $10.12 million USDC into HyperLiquid and opened a long position on 16,704 ZEC with 1x leverage, possibly to increase their position. Previously, this whale had made over $7.7 million in profit.
According to on-chain monitoring, Garrett Jin has again placed a $21.73 million short position in ZEC; part of it has already been executed. Meanwhile, his long BTC position is currently underwater by over $20 million.
Odaily reports: According to monitoring by Ember, the "1011 insider whale" (linked to the Garrett Jin whale entity) has closed out its smaller ZEC and UNI long positions. Specifically, a long position of 50,000 ZEC (approximately $22.38 million) was closed for a profit of about $420,000; a long position of 580,000 UNI (approximately $1.76 million) was closed at a loss of around $310,000.However, this whale still holds a BTC long position of 1,270 BTC, opened in May this year at a price of $76,117. The position is currently worth approximately $80 million, with its floating loss widening to about $16.65 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Garret Jin has fully closed his long position in ZEC, realizing a profit of approximately $405,000; he has also fully closed his long position in UNI, incurring a loss of approximately $316,000.
: According to Onchain Lens monitoring, the "10.11 Insider Whale" Garret Jin appears to be bullish on UNI, having opened a 2x long position on 366,423 UNI with the position still increasing, and continues to hold a 5x long position on BTC and a 2x long position on ZEC.
Odaily News According to Onchain Lens monitoring, the "1011 insider whale," Garret Jin, has sold all 184,102 HYPE at a price of $73.58, exchanging them for 13.54 million USDC, realizing a profit of $2.83 million. He still holds a 5x long BTC position, with an unrealized loss of $13.2 million, and a 2x long ZEC position, with an unrealized gain of $3.29 million.
According to Onchain Lens monitoring, as ZEC breaks through $530, Garrett Jin, the proxy of the "1011 insider whale," has seen his 2x leveraged ZEC long position show an unrealized profit of over $4.7 million. Additionally, whale Loracle’s 10x leveraged ZEC long position has an unrealized profit of $6.87 million.