A Zcash whale accumulated approximately 8,605 ZEC across three centralized exchanges since late Sept. 29, according to Arkham monitoring. The funds were consolidated into a single wallet, with around 4,400 ZEC transferred from two withdrawal addresses.
The whale's total position across six linked addresses now stands at 65,158 ZEC, worth approximately $91.13 million—a 15.2 percent increase from prior levels. The entity's average entry price is $1,509.70 per ZEC. With the asset currently trading at $1,398.60, the position carries an unrealized loss of $7.24 million, or 7.36 percent.
The pattern reflects sustained accumulation over the past month. Two wallets linked to the same entity withdrew 24,706 ZEC from Binance and Gate, valued at $28.17 million at an average price of $1,140 per ZEC. An earlier withdrawal of 8,100 ZEC from a centralized exchange brought cumulative spot holdings to $55.7 million.
Onchain Lens tracked continuous consolidation through multiple linked wallets over the past week, with a main address receiving approximately 41,690 ZEC. A separate report documented a net purchase of 22,960 ZEC, valued at $31.7 million, across various wallets.
The sustained transfers of ZEC from centralized exchanges to self-custody addresses reduce available exchange supply and compress liquidity dynamics for the asset.
