Zcash Whale Accumulation Sparks $1,500 Price Target Hopes

A recent surge in Zcash (ZEC) buying activity has caught the attention of market analysts, with one whale accumulating over $13.65 million worth of ZEC over the past week.

The whale purchased approximately 12.87K ZEC from four major exchanges - Binance, OKX, Kraken, and Gate - before transferring the funds to a fresh wallet.

This significant accumulation comes as ZEC attempts to stabilize after its latest price pullback, with spot buyers also showing support for the cryptocurrency.

The Spot Taker CVD metric indicates that aggressive market buyers are dominating the executed spot volume, suggesting increased demand for ZEC.