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Zcash surges past $1,200, causing top short seller Garrett Jin to face a $25.7M loss.

Market News
07 Sep 2026
Bitcoin
View Source
Bullish
Zcash surges past $1,200, causing top short seller Garrett Jin to face a $25.7M loss.

Zcash (ZEC) has surged past $1,200, reaching a 30-day gain of 134% and a market cap of $20 billion. Garrett Jin, the largest short seller on Hyperliquid, opened a short position at $444 in July and is now facing an unrealized loss of $25.7 million as the price climbed sharply. The rise was partly fueled by Grayscale's conversion of its Zcash Trust into a U.S. spot ETF, boosting investor interest. Despite the losses, Jin's other assets have kept his position funded, and the market remains volatile with record open interest and ongoing short squeezes.

More News (ZEC)

1,000 Zcash worth $1.33M withdrawn from Binance into privacy pool, masking further transactions

1,000 Zcash worth $1.33M withdrawn from Binance into privacy pool, masking further transactions

An address withdrew 1,000 Zcash (ZEC), valued at approximately $1.33 million, from Binance on October 7 and transferred the entire amount into a Zcash privacy pool. This move, occurring about an hour before 8:59 a.m. UTC+8 on October 8, makes any sub...

Market News
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Zcash drops 22% from September peak, testing key $1,250 support amid mixed signals and Bitcoin's influence.

Zcash drops 22% from September peak, testing key $1,250 support amid mixed signals and Bitcoin's influence.

Zcash has fallen 22% from its September high above $1,600 to around $1,320, now approaching critical support between $1,250 and $1,270. Technical indicators show mixed signals, with short-term weakness below the 20-day moving average but longer-term ...

Technical Signals
Bearish
8 hours ago
Zcash (ZEC) rises 2.18% in one hour despite a 24-hour dip

Zcash (ZEC) rises 2.18% in one hour despite a 24-hour dip

Zcash (ZEC) increased by 2.18% within one hour, reaching $1,344 on Binance's ZEC/USDT spot market. This rise came after a previous price of $1,315 an hour earlier. Despite this short-term gain, ZEC's price was still down 1.47% compared to 24 hours ea...

Market News
Bullish
9 hours ago
AI models pick Hyperliquid's HYPE, Solana's SOL, and Zcash's ZEC as top crypto picks for 2026 growth.

AI models pick Hyperliquid's HYPE, Solana's SOL, and Zcash's ZEC as top crypto picks for 2026 growth.

A crypto exercise using 10 AI models selected Hyperliquid's HYPE, Solana's SOL, and Zcash's ZEC as leading picks for strong year-end performance in 2026. HYPE was favored for its trading activity, automated purchases, and potential U.S. regulatory ac...

Analyst Insights
Bullish
12 hours ago
Zcash price tests $1,250 support with potential rebound to $1,500 amid mixed momentum signals.

Zcash price tests $1,250 support with potential rebound to $1,500 amid mixed momentum signals.

Zcash's price has dropped about 22% from its September peak near $1,693 to around $1,320 in early October, falling below its 20-day moving average but staying above longer-term averages. Analysts highlight key support levels at $1,250–$1,300 and resi...

Technical Signals
Neutral
15 hours ago
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