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Crypto

ZEC Price Surges to Near-Record High Amid Whale Activity

Guavy AI Editorial Team
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ZEC
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ZEC price has seen an impressive surge in recent days, reaching nearly $1,600 over the past 24 hours. Despite this rally, analysts are sounding a warning about potential risks.

The token's sustained strength for almost 30 days indicates overwhelming demand since August and September. However, this also makes it increasingly vulnerable to a sudden reversal of that demand.

Large-player activity remains strong, with Garrett Jin holding 202,078 ZEC worth around $312.8 million, showing an unrealized spot profit of over $224.5 million according to LookOnChain's data.

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