A major ZEC whale just took profit.
The address t1KbKk...CJ1i3C sold over 4,679 ZEC (worth more than $2M) to Binance during a sharp 10.15% price surge. According to Arkham data, this whale has now offloaded over 80% of its position, realizing a total profit of more than $4 million.
This is textbook smart money behavior. The whale rode the recent bounce, locked in strong profits, and reduced exposure significantly. The fact that this happened while funding rates on OKX turned deeply negative is also telling — shorts are getting aggressive even as price pumps, which often creates dangerous squeeze conditions.
$ZEC has been one of the weaker performers in the top 100 for a long time. A large whale cashing out most of its bag during a relief rally suggests they’re not very confident in a sustained move higher.
While the price looks better short-term, this kind of distribution from a big holder adds overhead and raises caution. The rally might have more room to run on short covering, but the smart money is already heading for the exit.
This is worth watching closely. Big profit-taking like this during a bounce often caps the upside.