Zcash Whale Turns ZEC Portfolio 10x to Over $150 Million, But How?
Blockchain analytics agency Arkham has tracked a Zcash (ZEC) whale who turned $15.85 million into $126 million. The place survived a 50% drawdown earlier than 2026’s privateness coin rally.
The pockets has realized roughly $22.61 million in income whereas nonetheless holding 230,100 ZEC. Arkham revealed the commerce on May 28, sparking hypothesis in regards to the purchaser’s identification.
A Conviction Bet on a Quiet Asset
The whale acquired 265,018 ZEC for $15.85 million on December 30, 2024. ZEC traded close to $60 on the time and drew restricted investor consideration. ZEC at the moment trades at $548.78, down 0.82% over 24 hours.
The place then dropped greater than 50% throughout 2025. The drawdown briefly erased about $8.6 million in paper worth earlier than the restoration started.
“He remodeled $150M in a 12 months. How? ZEC,” Arkham noted.
Partial profit-taking began in January 2025 and ran by late November. Eight gross sales totaled 54,718 ZEC for $22.61 million mixed.
The remaining 230,100 ZEC are price roughly $126 million right now. The commerce matches a broader sample of Zcash whale buying activity tracked by 2025.
Privacy Coin Resurgence Fuels the Win
The commerce rode Zcash’s 2026 surge, pushed by renewed curiosity in privateness belongings. Grayscale filed for a spot Zcash ETF earlier this month. The catalyst pushed ZEC to a latest peak above $700.
Speculation is that the pockets belongs to Helius Labs co-founder Mert Mumtaz, a long-standing Zcash advocate and public champion of the community.
Mumtaz has not addressed the hypothesis instantly.
“He didn’t really promote ZEC as a result of he was simply longing on hl checkmate,” Mert chimed.
Arkham has not confirmed the identification, and the attribution stays unverified.
Whether the pockets reaches a nine-figure realized complete might depend upon ZEC holding its present good points.
The Grayscale choice and persevering with shielded supply growth will form the subsequent section for the privateness community.
The put up Zcash Whale Turns ZEC Portfolio 10x to Over $150 Million, But How? appeared first on BeInCrypto.
