Zcash surged to a new all-time high of $1,686 before correcting toward $1,400 as traders took profits and momentum weakened. Two wallets believed to be linked to the same whale withdrew 24,706 ZEC, worth approximately $28.17 million, from Binance and Gate over the past month, according to Lookonchain data. The withdrawals were made at an average price of $1,140. Separately, a significant wallet withdrew 2,000 ZEC from Binance, valued at about $2.82 million, lifting its total ZEC holdings to approximately $66.19 million. An earlier monitoring report cited withdrawals of 14,190 ZEC worth about $20 million from Binance and Gate over the same period.