Whale Accumulates 18,000 ZEC During the 1011 Crash, Transfers to Gemini, Potential $6.6M Profit
ZEC/USDT
$244,932,083.68
$223.69 / $208.82
Change: $14.87 (7.12%)
+0.0024%
Longs pay
According to COINOTAG News, citing Arkham Monitor, a single whale amassed more than 18,000 ZEC during the “1011 crash”, valuing the stake at about $4.49 million at the time. The on-chain activity underscores significant demand dynamics in ZEC during periods of heightened volatility, as observers track large holders’ moves.
Approximately five weeks later, the same entity reportedly transferred the holdings to Gemini, a move that could influence liquidity timing and price impact across the ZEC market, according to Arkham Monitor.
The estimate hinges on timely liquidation, with potential gains around $6.6 million relative to the initial cost, illustrating the sensitivity of large ZEC positions to price moves and execution windows.