ZEC Whale Sells $16.4M at Peak; New Buyer Enters with $17M Plan

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Whale activity in ZEC saw a major move as a whale with address 0xbf73 sold 13,000 ZEC in three transactions from the evening of September 9 to early morning, totaling $16.4 million at an average price of $1,261.67. The initial purchase was around $869.6 per ZEC, resulting in a $5.1 million profit. Address 0x152e acquired 9,426.59 ZEC, spending $11.64 million at $1,234.38. Including existing holdings, the total now stands at 11,739.54 ZEC, valued at $14.31 million. The new buyer has placed $3 million in buy orders between $1,185.5 and $1,205.5, aiming to expand the position to $17 million. Price action indicates strategic accumulation and distribution amid strong market movement.

ChainThink reports, according to TradingBeats monitoring, ZEC is currently trading at approximately $1,218.80.

The address starting with 0xbf73 sold all 13,000 ZEC in three rounds from the evening of September 9 to early this morning, totaling approximately $16.4 million, with an average closing price of about $1,261.67.

Its original cost basis was approximately $869.6, with a cumulative realized profit of about $5.096 million in this round; the current ZEC position and all open orders have been fully closed.

During the same period, addresses starting with 0x152e accumulated a net increase of 9,426.59 ZEC, with actual purchases totaling approximately $11.636 million, at an average purchase price of about $1,234.38.

After adding to the existing position, the holding increased to 11,739.54 coins, with a value of approximately $14.3082 million and an average cost of $1,217.62 per coin, resulting in an overall unrealized profit of approximately $13,900.

The latest purchase portion has fallen below its average cost basis, but this address still maintains approximately $3.01 million in buy orders between $1,185.50 and $1,205.50, with plans to further increase the position to $17 million if the price declines further.

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