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Whale Sells 25,001 Zcash Tokens Valued at $37.84 Million
The tokens were acquired two months ago at an average price of $425, generating more than $27 million in profit.
An address identified as 0xf562 sold 25,001 Zcash (ZEC) worth about $37.84 million on Sept. 29, adding notable selling pressure to the privacy-coin market.
The tokens were acquired two months ago at an average price of $425 each. The sale generated more than $27 million in profit based on the transaction value and purchase cost.
The transaction involved the blockchain address 0xf562, which had accumulated the ZEC before the sale.
The sale puts a large volume of ZEC into the market after the whale held the tokens for roughly two months.
