Whale Builds $13M Position in Zcash Amid Ongoing Price Collapse

Zcash (ZEC) recorded a steep drop of about 50% after reports surfaced of a counterfeiting-related vulnerability affecting the network.

In the aftermath of the drop, on-chain activity also picked up. Roughly 40 minutes ago, a newly created wallet moved 37,316 ZEC—worth about $13.12 million—out of Binance, adding to market attention during the volatile period.

Source: Lookonchain