Zcash Investor Scores Big Win After Holding Coins Since 2021

A savvy Zcash investor has made off with a substantial profit by selling a large portion of their holdings on Binance.

The trader, known for accumulating a massive sum of ZEC since 2021, spent just $1.1 million to acquire the coins and has since seen them appreciate more than 20 times in value.

With the current price of ZEC hovering above $1200, the investor stands to make a profit of over $21 million from their sale, which is likely due to taking advantage of inflated prices.

The move comes after a prolonged period of decline for ZCash, which spent much of 2022 and 2023 in an extended downturn that left many investors disheartened. However, the coin's potential use case as a privacy token has grown, leading to its current price surge.