Jiang Zhuoer: ZEC is obviously "Zhuang Coin" and will not participate in trading

The founder of the Liebit Mining Pool, Jiang Zhuoer, stated that after ZEC dropped to $1445, Garrett Jin's short position on ZEC faced market skepticism, which may have been an intentional attempt to create a counter position to attract retail investors to go long; as the "target" of his massive spot holdings has disappeared, the approximately 200,000 ZEC he holds (accounting for about 1% of the total supply) may also become potential selling pressure. Therefore, it is judged that the current ZEC upward trend may be nearing its end.

In the face of such "manipulated coins," there is an information disadvantage compared to the counter position, so I will not participate in trading.