Zcash Whale Unloads 22,840 Tokens for $23M Profit

A large Zcash holder has moved $23 million to Binance after accumulating a 20x gain. The long-term holder offloaded 22,840 tokens for a profit of $21.96 million, twenty times the original cost of $48.44.

The transaction first routed through shielded addresses and then unshielded, demonstrating Zcash's privacy mechanics in action during the exit.

The price of ZEC currently trades at $1,014.54 inside Bollinger Bands with upper resistance at $1,109.63.