Zcash whale buys $32M after 34% drop – Can ZEC defend $1000?
Photo: AMBCrypto
A whale investor has doubled Zcash holdings in the past two days to $66.75M. According to Arkham data, the large investor (address t1ZLg) bought $21.8M and $10.2M ZEC across Binance and Kraken, respectively, over the weekend. This effectively doubled the investor’s ZEC holdings from 24K to 54.4K (worth $66.75M) in two days. On-chain data revealed that the address began aggressive ZEC accumulation in mid-September. The whale activity slowed for a while around 22nd-26th September but picked up aggressively at the end of the month. The activity slowdown coincided with the ZEC price peak near $1700.
Source: AMBCrypto
