A trader who accumulated 22,840 Zcash (ZEC) tokens since 2021 has moved them to Binance for likely liquidation, realizing a profit of over $21 million after a 20x price increase. The trader initially spent $1.1 million when ZEC was priced around $48, and now the coin trades above $1,200. Despite Zcash's long downturn in 2022-2023 due to regulatory concerns over its privacy features, renewed interest has pushed prices higher. This large sale at the $1,000 psychological level suggests a potential market correction, which could offer new buying opportunities for investors willing to be patient.
On October 23, Zcash (ZEC) and NEAR spot ETFs recorded net inflows of $20.52 million and $992,689 respectively, while other tracked altcoin spot ETFs such as XRP, Solana (SOL), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and others showed no...
Zcash (ZEC) experienced a 3.87% price decline over four hours, falling to $1,180 on Binance's spot market. Its 24-hour drop was 3.05%, with the price decreasing from $1,228 four hours earlier. Liquidation data from Binance, Bybit, and OKX showed $10,...
Monero (XMR) surged past $650 following the release of its GUI v0.18.5.4 wallet update, which restored access to testnet and stagenet wallets and fixed bugs. This update, named "Fluorine Fermi," helped Monero rebound from a previous price of $576. Me...
Zcash (ZEC) experienced a 2.81% price drop within one hour, falling from $1,226 to $1,192 on Binance's spot market. During the same period, $1.7 million worth of long positions were liquidated across Binance, Bybit, and OKX exchanges, indicating sign...
Arthur Hayes, founder of BitMEX, expressed skepticism about the investment potential of Hyperliquid's HYPE token due to increasing competition among decentralized perpetual futures platforms. While he acknowledges strong demand for Hyperliquid's trad...
