A major cryptocurrency whale is suspected of purchasing over $30 million worth of ZEC tokens on Binance in a series of rapid transactions. According to on-chain analyst @ai_9684xtpa, the whale executed multiple buy orders, each acquiring approximately 2200 ZEC tokens, equivalent to about $1.2 million per transaction. These transactions occurred between 09:35 and 09:44 this morning, resulting in a distinctive "dinosaur's back" pattern on the candlestick chart.
The buying activity was concentrated in three waves over a 10-minute period, suggesting the large purchase was strategically divided into smaller market orders. This significant accumulation of ZEC tokens highlights the whale's potential influence on the market dynamics of the cryptocurrency.
Whale Spends Over $30 Million on ZEC Tokens in Binance Buying Spree
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