Lookonchain
Whale 0xf562 sold 25,001 ZEC worth $37.84 million, realizing a profit of more than $27 million. The wallet had bought the coins two months earlier at an average price of $425.
Why it matters
The trade is a substantial profit-taking event in Zcash. A sale of this size can add supply for buyers to absorb, though the transaction alone does not establish a broader trend.
Market impact
The move puts whale activity and demand for ZEC in focus. Whether selling pressure persists will depend on subsequent flows and how the market responds to the position being sold.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0xf5629393e446a103a4be1c49a956255e7c87c1d3#txs)
Frequently asked questions
-
How much ZEC did whale 0xf562 sell?
The whale sold 25,001 ZEC, valued at $37.84 million.
-
How much profit did the whale realize?
The sale realized a profit of more than $27 million.
-
When did the wallet buy the ZEC?
The wallet bought the coins two months before selling them.
-
What was the wallet's average purchase price?
The reported average purchase price was $425 per ZEC.
-
Does this sale establish a broader Zcash selling trend?
No. The trade is a sizable profit-taking event, but one transaction alone does not establish a broader trend.
WatcherGuru
CoinDesk
CryptoSlate
Whale Alert
CoinTelegraph
Crypto News
TheBlock