A ZEC whale sold too early on 139,600 ZEC tokens, missing out on over $110 million in potential profits.
According to TradingBeats monitoring, a ZEC whale previously sold 139,600 ZEC for a total of approximately $111 million. At today’s prices, this batch of ZEC is now worth around $223 million, meaning the whale missed out on over $110 million in potential gains in just four weeks.
Earlier between August 26 and 27, a wallet cluster possibly linked to Sakolkorn Sakavee, co-founder and former chairman of Bitkub, continuously unshielded ZEC and transferred them to Hyperliquid. On August 26, the cluster unshielded 34,100 ZEC (valued at ~$26.1 million), then sold 24,100 ZEC and bought 238 BTC. As of August 27, the cluster had cumulatively unshielded 65,820 ZEC (~$51.6 million), accounting for ~0.4% of ZEC’s circulating supply and 1.37% of currently shielded ZEC. It had sold 53,900 ZEC (~$42.3 million) and purchased 536.7 BTC, with 8,370 ZEC remaining on order to sell on Hyperliquid.
Today, the 139,600 ZEC previously sold by the related wallets has risen sharply in value since the sale, leading to missed potential gains of over $110 million.
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Crypto-related concept stocks posted broad gains in US pre-market trading, with MSTR up 1.88% and BMNR up 2.32%.
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Viewpoint: When U.S. Treasury yields rise to 5%, Bitcoin behaves more like gold rather than traditional risky assets.
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Ethena expands its USDe reserve strategy to include Binance’s tokenized stocks and stock perpetual contracts.
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