New wallet large withdrawal of $3.12 million ZEC, on-chain whales have new moves again

2026-01-20 05:22:12

【BitPush】Interesting on-chain movement: A newly activated wallet address withdrew 8,551 ZEC from an exchange yesterday. At the current price, this withdrawal is worth approximately $3.12 million. Making such a large transaction with a new wallet address suggests that the person behind it still has some confidence in ZEC, or it could simply be a fund transfer strategy. Such large withdrawals usually indicate that the funds are being prepared for long-term holding, or is there another trading plan? Market attention to ZEC has always been quite high, and this movement may be worth monitoring.

ZEC-5,22%

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GateUser-a5fa8bd0

· 9h ago

Wow, the new wallet directly transferred out 3.12 million. Is this guy really bullish on ZEC or just moving funds elsewhere? Anyway, these are the few possibilities for large withdrawals: either hoarding and waiting for a surge, or having other plans. We'll see.

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potentially_notable

· 14h ago

Just activated a wallet and threw in 3.12 million? Is this guy truly a believer or just transferring assets? Can't quite see through it.

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Layer2Arbitrageur

· 15h ago

wait hold up, 312M in zec from a fresh wallet? that's either massive conviction or someone's terrible at opsec lol. fresh address doing this volume screams either whale migration or someone about to get rekt by their own trades ngl

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SelfSovereignSteve

· 15h ago

Just activated the wallet and threw in 3.12 million? This guy either truly believes in ZEC or is just playing the transfer game. Anyway, I don't understand it.

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