ZEC's recent decline has many people wondering about the cause. A close look at on-chain data makes it clear — big whales are panicking and dumping.

The actions of whales often reflect shifts in market sentiment. When these large funds start to sell off a particular coin en masse, it usually signals an upcoming correction. The recent drop in ZEC coincides with the timing of multiple large wallet exits, which is no coincidence.

For retail investors following the trend, understanding the logic behind whale movements is crucial — their decisions are often based on deeper fundamental considerations, not just technical fluctuations. How to respond at this point depends on your own risk tolerance.