$ZEC Whale "Wakes Up" After 6 Months, Buying 13,290 ETH and 6,601 ZEC Worth $34 Million
Four addresses believed to belong to the same entity or "whale" have suddenly resumed activity after a six-month dormancy, aggressively purchasing ETH and ZEC.
🔸 $ETH : Bought 13,290.6 ETH at an average price of $2,511 via Cowswap ($33.37 million).
🔸 ZEC: Spent 2,500 ETH ($6.28 million) to acquire 6,601.37 ZEC via Near Intents (a cross-chain intent protocol), incurring service fees of 16.75 ETH ($42,000).
🔸 Notable Detail: The ZEC transaction was executed cross-chain; the whale's willingness to pay high fees (16.75 ETH) suggests an urgent buying strategy.
👉This is a highly significant move: a whale actively accumulating large volumes of both ETH and ZEC immediately upon "waking up" after six months. The choice of ZEC at this juncture following Grayscale's launch of a Zcash ETP and ZEC surpassing the $1,000 mark indicates a bet on Zcash's privacy narrative and institutional adoption. The high-fee cross-chain transaction further signals confidence in short-term prospects and a desire to quickly establish a position.
💬 Do you follow ETH and ZEC? What narrative are the whales betting on? Do you think this is a good time to buy?
News is for reference, not investment advice. Please read carefully before making a decision.
Four addresses believed to belong to the same entity or "whale" have suddenly resumed activity after a six-month dormancy, aggressively purchasing ETH and ZEC.
🔸 $ETH : Bought 13,290.6 ETH at an average price of $2,511 via Cowswap ($33.37 million).
🔸 ZEC: Spent 2,500 ETH ($6.28 million) to acquire 6,601.37 ZEC via Near Intents (a cross-chain intent protocol), incurring service fees of 16.75 ETH ($42,000).
🔸 Notable Detail: The ZEC transaction was executed cross-chain; the whale's willingness to pay high fees (16.75 ETH) suggests an urgent buying strategy.
👉This is a highly significant move: a whale actively accumulating large volumes of both ETH and ZEC immediately upon "waking up" after six months. The choice of ZEC at this juncture following Grayscale's launch of a Zcash ETP and ZEC surpassing the $1,000 mark indicates a bet on Zcash's privacy narrative and institutional adoption. The high-fee cross-chain transaction further signals confidence in short-term prospects and a desire to quickly establish a position.
💬 Do you follow ETH and ZEC? What narrative are the whales betting on? Do you think this is a good time to buy?
News is for reference, not investment advice. Please read carefully before making a decision.
