$ZEC $30M+ Transfers Moving Through Grayscale While Price Pushes Higher
Something interesting is happening around ZEC.
On-chain data shows multiple 25,000 $ZEC transfers worth roughly $30M each between Grayscale-labeled wallets.
These look more like internal custody movements than confirmed market buying, so I wouldn't call them fresh accumulation yet.
But the timing is interesting.
$ZEC has been pushing higher again, trading around $1,200+ after recently dipping toward the $1,060 area. It even traded above $1,270 today.
And Grayscale's Zcash ETF has already grown substantially since launching, giving traditional investors direct spot exposure to ZEC.
#zec
Something interesting is happening around ZEC.
On-chain data shows multiple 25,000 $ZEC transfers worth roughly $30M each between Grayscale-labeled wallets.
These look more like internal custody movements than confirmed market buying, so I wouldn't call them fresh accumulation yet.
But the timing is interesting.
$ZEC has been pushing higher again, trading around $1,200+ after recently dipping toward the $1,060 area. It even traded above $1,270 today.
And Grayscale's Zcash ETF has already grown substantially since launching, giving traditional investors direct spot exposure to ZEC.
#zec
