Record-Breaking Zcash Gains: Whales Capitalize on Bullish Momentum

Recent surge in Zcash ($ZEC) prices has attracted significant attention from whales, driving substantial profits and fueling a bullish sentiment for the cryptocurrency. Data from Lookonchain reveals that one prominent whale, identified as “0x6EF9,” has made over $1.25 million profit by going long on $ZEC using limit orders. This profitable position is fueled by the ongoing rally of Zcash ($ZEC), which has seen a remarkable price increase of 11.5% in the past 24 hours. The resulting market capitalization surge for Zcash is an impressive 11.32%, reaching $9.88B, with a seven-day performance representing a substantial rise of 47.41%. Adding to this bullish trend, another whale, “0x089f,” has deposited a massive $3.54 million worth of USDC into the decentralized perpetual futures trading platform Hyperliquid. This strategic investment reflects an aggressive bullish outlook on Zcash ($ZEC) as prices continue to soar. As these whales demonstrate their commitment to the growing momentum of Zcash ($ZEC), it’s important to remember that market volatility may emerge in the near term.