Crypto
Zcash Supply Migration Fuels $22 Million Whale Profit
A large Zcash holder has seen their investment grow from $1.1 million to over $23 million, a profit of $22 million.
This remarkable turnaround follows a significant supply migration within the Zcash network after the Ironwood hard fork in July 2026.
The Orchard pool, which previously held around 4.5 million ZEC, has declined significantly to approximately 455,000 ZEC by early September 2026, with much of its supply shifting into the new Ironwood pool.
The secure turnstile migration used during the hard fork ensured that the total supply remained uncompromised, helping restore confidence in the network and supporting the subsequent ZEC price rally.