OnchainLens reported that an anonymous Zcash (ZEC) whale address (starting with t1Z9uK) just withdrew 2,872 ZEC (approximately $1.66 million) from Binance in two transactions. Withdrawals from exchanges are typically interpreted as for holding purposes. Currently, the whale is holding 14,496 ZEC, worth approximately $8.35 million, and its unrealized profit based on on-chain acquisition cost is estimated to be around $3.367 million.
