ZEC WHALE SELLS $23M — BANKS AN ESTIMATED $16.5M PROFIT
A wallet linked to burnfiat4jpegs.eth reportedly sold 15,000 $ZEC at an average price of $1,530.
That’s roughly $23 million in proceeds.
The wallet’s average entry was around $430, putting the realized profit at approximately $16.5 million — about 3.5x its entry price.
But there may be more selling ahead.
Another 10,000 $ZEC, worth around $15 million, is reportedly pending deposit to Hyperunit. If it follows the same route, that could add further sell-side pressure.
That’s a sizeable exit after ZEC’s sharp run-up — and traders will be watching whether the market can absorb the next potential batch.
Would you take $16.5M in profit here, or keep holding $ZEC? 👀