ZEC: Whale Moves $23M to Binance After 20x Gain

ZEC cleared $1000 before a long-term holder offloaded 22840 tokens into Binance for a $21.96 million profit, twenty times the original $48.44 average cost accumulated between 2021 and 2024.

The transaction routed first through shielded addresses then unshielded, highlighting Zcash privacy mechanics in action during the exit.

On the 4h chart ZEC trades at $1014.54 inside Bollinger Bands with upper resistance at $1109.63 while the 50-EMA at $886.02 and 200-EMA at $712.11 anchor the bullish structure; MACD golden cross at 48.76 supports continuation yet RSI at 67.12 leaves room for a measured retracement to the 50-EMA before the next leg higher, a setup that informs any near-term ZEC price prediction.