Altcoin Whale Locks in 20x Return on Zcash Sale Amid Market Correction Expectations

A significant altcoin whale has sold Zcash (ZEC) after holding it for over two years, making a substantial profit of approximately $21.96 million.

The whale accumulated ZEC through Binance between 2021 and 2024 at an average price of $48.44.

After ZEC surpassed the $1,000 level, the whale transferred 22,840 ZEC to Binance for approximately $23.11 million, increasing their investment by about 20 times.

Crypto analyst il Capo expects a correction following the rise in ZEC price, which could also encompass the broader cryptocurrency market.