🚨 Zcash Whale Moves $362M in ZEC — First CEX Deposit in 10 Months 🐋💸
A major Zcash holder just made a big move.
Whale address t1Lyq transferred approximately $362.56 million worth of ZEC overnight on September 19.
Of that amount, $15 million was deposited into a centralized exchange — the address’s first CEX deposit in 10 months.
Key context:
• The same batch of ZEC was worth only about $163.88 million 10 months ago
• The whale’s unrealized gains from holding since 2025 have reached roughly $361 million
This is classic whale behavior after a strong run: moving size and testing the waters on an exchange. While $15M is a small portion of the total transfer, any first-time deposit after such a long dormant period often draws attention from the market.
Whether this leads to selling pressure or is simply wallet management remains to be seen — but when a holder sitting on massive profits starts interacting with exchanges again, traders take notice.
Is this the start of distribution, or just a liquidity move?
Drop your take 👇
$ZEC
#CryptoNews
A major Zcash holder just made a big move.
Whale address t1Lyq transferred approximately $362.56 million worth of ZEC overnight on September 19.
Of that amount, $15 million was deposited into a centralized exchange — the address’s first CEX deposit in 10 months.
Key context:
• The same batch of ZEC was worth only about $163.88 million 10 months ago
• The whale’s unrealized gains from holding since 2025 have reached roughly $361 million
This is classic whale behavior after a strong run: moving size and testing the waters on an exchange. While $15M is a small portion of the total transfer, any first-time deposit after such a long dormant period often draws attention from the market.
Whether this leads to selling pressure or is simply wallet management remains to be seen — but when a holder sitting on massive profits starts interacting with exchanges again, traders take notice.
Is this the start of distribution, or just a liquidity move?
Drop your take 👇
$ZEC
#CryptoNews