Lookonchain
Two wallets, likely controlled by the same whale, withdrew 24,706 ZEC worth $28.17 million from Binance and Gate over the past month. The withdrawals were made at an average price of $1,140, as ZEC fell.
Why it matters
The activity suggests a large holder accumulated ZEC despite the price decline. The wallets' ownership is not confirmed, and withdrawals alone do not establish the holder's intent.
Market impact
The reported transfers move ZEC off Binance and Gate, but do not by themselves confirm whether the coins are being held long term. Whether accumulation continues, or the wallets later send coins back to exchanges, will help put the activity in context.
Frequently asked questions
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How much ZEC did the wallets withdraw?
The two wallets withdrew 24,706 ZEC, valued at $28.17 million in the report.
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Which exchanges did the ZEC withdrawals come from?
The wallets withdrew ZEC from Binance and Gate.
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What was the reported average price for the withdrawals?
The withdrawals were made at an average price of $1,140.
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Are the two wallets confirmed to belong to the same whale?
No. They are believed likely to belong to the same whale, but ownership is not confirmed.
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Do the withdrawals prove the whale plans to hold ZEC long term?
No. The transfers moved ZEC off Binance and Gate, but withdrawals alone do not establish the holder's intent.
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