A whale accumulated 36.36K ZEC (~$41.6M) from major exchanges over six days, with buying continuing.
Macro & Markets ·
A single wallet has moved 36.36K ZEC—valued at approximately $41.56 million—from multiple major exchanges over a six-day period, according to blockchain monitoring data. The transfers originated from Binance, OKX, Kraken, and Gate, and the activity appears to be part of a sustained accumulation strategy rather than a one-time event.
The momentum of the purchases has accelerated in recent minutes, with an additional 6.52K ZEC (~$7.67 million) withdrawn from Binance and Kraken within a 15-minute window, signaling active demand at current price levels. The pattern suggests a deliberate, continued effort to accumulate the asset off exchange platforms.
The wallet address associated with these movements is t1LMGUmHPpAy1iHNvmx6qemj6zg3TTE6SPN. No information is yet available about the identity, motivation, or intended holding duration of the buyer, nor whether this activity signals a broader trend among institutional or large retail participants in the ZEC market.