DIAMOND HANDS: ZCASH WHALE TURNS ~$1.1M INTO $23M

One of the most impressive ZEC trades of this cycle just surfaced.

According to on-chain monitoring, a long-term Zcash whale accumulated 22,840 ZEC between 2021 and 2024 at an average price of approximately $48.44 per ZEC.

💰 Estimated cost: ~$1.1 million
🚀 Position value: ~$23.11 million
🔥 Estimated profit: ~$21.96 million
📈 Return: ~20×

After ZEC broke above the $1,000 milestone, the whale moved the entire 22,840 ZEC position to Binance.

But there’s another interesting detail.

Before reaching Binance, the ZEC was reportedly moved into a shielded address, then unshielded to a new address before ultimately being deposited on the exchange.

From roughly $48 per ZEC to more than $1,000.

More than two years of holding through volatility, bear markets and countless opportunities to exit.

Sometimes diamond hands really do pay. 💎🙌

⚠️ A transfer to an exchange does not necessarily confirm that all of the ZEC was sold.

Source: On-chain analyst Ember / Lookonchain
https://www.lookonchain.com/feeds/71625

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