MLM(@mlmabc):A screenshot Garret Bullish just shared on Twitter shows him withdrawing 68.08K ZEC from Binance on December 24 last year, worth $29.7M at the time. The same wallet withdrew another 134K ZEC, worth $58.6M, minutes earlier. t1dHheg2SkTGBMK1VsCPwsqJ3Gccsnen7rf He then shielded all 202.08K ZEC, but unshielded it minutes later and still holds the entire amount. t1gGCYpyURMo2FcYDSqeR8pgp2Kx9rnT72V At $1,580 per ZEC, those holdings are now worth $320M, up from $88.3M at the time. So his 38K ZEC ($60M) short on Hyperliquid, currently showing an unrealized loss of $34.5M, can be seen as a partial hedge against his spot holdings. 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9

2026.09.19 10:31

A screenshot Garret Bullish just shared on Twitter shows him withdrawing 68.08K ZEC from Binance on December 24 last year, worth $29.7M at the time. The same wallet withdrew another 134K ZEC, worth $58.6M, minutes earlier. t1dHheg2SkTGBMK1VsCPwsqJ3Gccsnen7rf He then shielded all 202.08K ZEC, but unshielded it minutes later and still holds the entire amount. t1gGCYpyURMo2FcYDSqeR8pgp2Kx9rnT72V At $1,580 per ZEC, those holdings are now worth $320M, up from $88.3M at the time. So his 38K ZEC ($60M) short on Hyperliquid, currently showing an unrealized loss of $34.5M, can be seen as a partial hedge against his spot holdings. 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9