Chinese crypto whale Lee Goon Wang sold 15,000 ZEC worth $23 million on the decentralized exchange Hyperliquid through a limit sell order priced about $30, or 2%, below the market price. ZEC had reached $1,600 during the day before falling to $1,520 at the time of writing. The token has risen approximately 2,500% over the last year as privacy-focused cryptocurrencies gained attention. Its Proof of Work consensus system, which is now uncommon outside Bitcoin, and privacy features have contributed to its prominence and increased volatility. PANews reported the transaction on Sept. 28, citing monitoring by Mlm Onchain.