A wallet withdrew 678.4 ZEC from Binance, worth approximately $667,800.
On-chain monitoring firm Onchain Lens described the activity as “accumulation and withdrawal,” meaning the ZEC was first bought or accumulated on the exchange and then transferred to the wallet address.
· This is a record of the fund flows for a single address. The amount and number of tokens are based on Onchain Lens monitoring.
· The source does not say whether the address belongs to an institution or is an internal exchange wallet, nor does it disclose how the funds will be used.
When there’s a large ZEC withdrawal, do you care more about whether the destination address is new?
$ZEC
On-chain monitoring firm Onchain Lens described the activity as “accumulation and withdrawal,” meaning the ZEC was first bought or accumulated on the exchange and then transferred to the wallet address.
· This is a record of the fund flows for a single address. The amount and number of tokens are based on Onchain Lens monitoring.
· The source does not say whether the address belongs to an institution or is an internal exchange wallet, nor does it disclose how the funds will be used.
When there’s a large ZEC withdrawal, do you care more about whether the destination address is new?
$ZEC
