A whale that held ZEC for more than two years transferred 22,840 tokens, worth approximately $23.11 million, to Binance about half an hour after ZEC broke above $1,000. The whale accumulated the tokens through Binance between 2021 and 2024 at an average cost of $48.44, producing an estimated profit of $21.96 million, or roughly 20 times the original investment. The tokens were first sent to a private address, then moved to a new address after the privacy feature was removed, before reaching Binance. Whales began taking profits after ZEC crossed $1,000, while crypto analyst il Capo said he expects a correction that could extend to the broader cryptocurrency market.