Back

Whale Withdraws 2,872 ZEC From Binance, Holdings Reach $8.35 Million

According to on-chain data, the wallet now holds 14,595 ZEC worth about $8.35 million after the Binance withdrawal, with an unrealized profit of roughly $3.367 million.

ZEC

Summary

A whale address withdrew 2,872 ZEC from Binance in a transfer valued at about $1.66 million. After the transaction, the wallet’s holdings reached 14,595 ZEC worth about $8.35 million, according to on-chain data. The same data showed the position carrying an unrealized profit of about $3.367 million.

Terms & Concepts
  • Whale: A market participant with very large crypto holdings whose transfers can attract attention because of their potential market impact.
  • Unrealized profit: A gain that exists on paper because the asset has risen in value, but has not been locked in through a sale.
  • On-chain data: Transaction and wallet information recorded on a blockchain, often used to monitor exchange flows and large-holder activity.