Zcash whale buys $3.8M in ZEC – 2 obstacles could slow the recovery
Photo: AMBCrypto
Zcash [ZEC] reached a local high of $1,284 before easing slightly. At press time, it traded around $1,277, up 2.3% over 24 hours. The recovery attracted renewed whale interest. However, broader Spot activity suggested that other investors remained cautious. Can Zcash whale buying offset selling pressure? According to Lookonchain, a whale bought 3,052 ZEC worth $3.8 million on the Spot market. The purchase showed substantial conviction from one buyer, although broader flows painted a different picture. Zcash recorded $110 million in Spot Inflows compared with $89 million in Outflows. Spot Netflow stood near $20 million, reflecting higher exchange deposits.
Source: AMBCrypto
