ChainCatcher report, according to Lookonchain monitoring, a wallet cluster suspected of being linked to Sakolkorn Sakavee, co-founder and former chairman of Bitkub, lifted privacy protections in the past 24 hours and transferred a total of 34,100 ZEC to Hyperliquid, valued at approximately $26.1 million. Subsequently, this address sold 24,100 ZEC, worth about $18.5 million, and purchased 238 BTC. Approximately 10,000 ZEC, valued at around $7.6 million, remain on Hyperliquid, with associated sell orders priced at approximately $780. Note: This is currently only speculation by a blockchain data analysis platform regarding wallet associations; no official information has confirmed that these addresses belong to Sakolkorn Sakavee.
Co-founder of Bitkub's suspected wallet transfers $26M in ZEC and purchases 238 BTC
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Summary
A wallet cluster linked to Bitkub co-founder Sakolkorn Sakavee transferred 34,100 ZEC ($26.1 million) to Hyperliquid in the past 24 hours. The address sold 24,100 ZEC ($18.5 million) and purchased 238 BTC. Approximately 10,000 ZEC ($7.6 million) remains on the exchange, with sell orders near $780. Traders are monitoring key support and resistance levels as this movement raises questions about the risk-to-reward profile of holding ZEC. No official confirmation has been provided.
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