I noticed that some friends are curious about the source of funds and investment losses for Garrett Jin Whale Entity. They are wondering why there is so much money to lose on ZEC. Because at this time last year they had around 100000 BTC worth over billions of dollars. The loss on ZEC is actually a small matter. They have a strong presence in the past year, and many friends may still have an impression of them Source of Funds: They hoarded 100784 BTC in May June 2018 at a price of approximately $7242. Subsequently, their various investment operations were funded by selling BTC. ◎ BTC Swap ETH: In August 2025, they started selling BTC and buying ETH, with BTC prices at $114000 and ETH prices at $4300. Over the course of six months, we sold 89000 BTC and then bought 900000 ETH (with an average cost of $3500+). These ETH were also gradually transferred to Binance in the first half of 2026. The biggest backer of Hyperliquid: They started opening multiple ETH on Hyperliquid in December 2025, but in early February 2026, ETH fell from $3000 to $1800 within a few days. They opened a multi order worth $670 million worth of ETH (213000 ETH) for $3150, resulting in a liquidation and a loss of $230 million in margin. In early February, Trend Research of Yili Hua used leverage to borrow 651500 ETH ($2.07 billion) that were long at an average price of $3180 to approach the liquidation line, forcing them to cut losses and close positions, resulting in a loss of $734 million. And the Trend Research address has had multiple large fund transactions with them, so they should have provided some funds to Trend Research. The largest holder of Binance Life: Between February and June 2026, they accumulated a total of 289.6 million Binance Life coins ($150 million) through Binance withdrawals and on chain purchases, accounting for 28.9% of the total Binance Life coins. At present, these Binance users are still in their on chain wallets. The biggest loss of funds due to exchange slippage: On March 13, 2026, they planned to directly exchange 50.43 million aEthUSDT into aEthAAVE. Due to the lack of liquidity, 50.43 million USDT was only exchanged for 327.2 AAVE ($36500), resulting in a direct loss of $50.39 million. MEV robots directly eat hemp in waves. ZEC's largest air force: Since July 2026, they have been operating empty ZECs on Hyperliquid, with a current loss of $34 million. -------------------------------------------------------------------------- Bitget Coming here is VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout