Wallets suspected of being linked to Sakolkorn Sakavee, co-founder of Thailand’s cryptocurrency exchange Bitkub, have moved 65,820 ZEC out of shielded addresses, worth approximately $51.6 million. The amount represents about 0.4% of ZEC’s circulating supply and 1.37% of ZEC held in shielded addresses. On Hyperliquid, the wallets have sold 53,900 ZEC, valued at roughly $42.3 million, and bought 536.7 BTC. About 10,000 ZEC remains on Hyperliquid, while sell orders for approximately 8,370 ZEC, worth $6.6 million, are awaiting execution. ZEC is the native token of Zcash, a cryptocurrency designed to support transaction privacy.