Zero Effort Coin priceZEC

The market’s been slow lately, and $BTC recent dip hasn’t helped overall sentiment. With momentum fading, I’ve shifted my focus to short-term opportunities that still offer upside. Phase 12 of Bitget crazy 48H event is now live, with BGB once again as the reward token. I’ve already earned 96 BGB across the last two phases, and this time, I’m pushing for a top-10 finish. I’m also trading $UXLINK and ZEC, which has shown promising movement and fits my short-term strategy well. In under a month, I’ve secured over 500 BGB through this event alone. Discovering Crazy 48H has been a turning point, it’s now my main method for stacking BGB.

ZEC (Zcash) — 24H Tight-Range Trade Setup (Reviewed) • Current Price: 443 • Market Structure: Short-term uptrend, consolidation near resistance • Key Support: 435 – 438 • Key Resistance: 456 – 460 Trade Plan (Low-Risk, High-Discipline) • Buy Zone: 438 – 442 • Target 1: 456 • Target 2: 472 • Extended Target: 488 (only on strong breakout) • Stop Loss: 428 Bias: Buy on dips, avoid chasing Invalidation: Daily close below 428 Risk: Max 1–2% per trade ⚠️ Trade with confirmation & strict risk management$BTC $ETH $ZEC

A seismic shift in Zcash (ZEC) holdings just occurred, catching the eye of every serious crypto observer. According to on-chain sleuths at Onchain-Lenz, a brand-new cryptocurrency address executed a jaw-dropping withdrawal: 50,000 ZEC, valued at a staggering $22.17 million, was pulled from the major exchange Binance. This colossal ZEC accumulation by a single entity is a classic ‘whale’ move that sends powerful signals through the market. Let’s dive into what this means for ZEC’s price, which is already surging nearly 10% to $446.56. What Does This $22 Million ZEC Accumulation Signal? When an anonymous player moves tens of millions in crypto off an exchange, it’s rarely a casual trade. This type of ZEC accumulation typically indicates a long-term holding strategy, often called ‘HODLing’ in crypto circles. The immediate effect is a reduction of readily sellable supply on the exchange, which can reduce selling pressure. Furthermore, this action coincides with a significant price pump for ZEC. Therefore, the timing suggests this whale might be positioning itself ahead of anticipated positive momentum, betting on further gains. ZEC Price Action: More Than Just a Coincidence? Data from CoinMarketCap shows ZEC trading at $446.56, marking a sharp 9.93% increase. While correlation doesn’t equal causation, large accumulations often precede or accompany bullish trends. Key factors to consider include: Reduced Exchange Supply: Moving coins to a private wallet locks them away from immediate market sales. Whale Confidence: A $22 million bet is a strong vote of confidence in ZEC’s future value. Market Sentiment: Such visible on-chain activity can attract other investors, creating a positive feedback loop. This ZEC accumulation event provides a tangible, on-chain reason behind the current price strength, offering more substance than mere speculation. Who Could Be Behind the Major ZEC Accumulation? The identity of the buyer remains a mystery, which is fitting for a privacy-focused coin like Zcash. However, we can explore likely candidates based on common patterns in crypto. Potential actors include: Institutional Investors: Hedge funds or family offices making a strategic entry into privacy assets. A Crypto Fund: Allocating a portion of its portfolio to alternative cryptocurrencies. A High-Net-Worth Individual (Whale): An existing large Bitcoin or Ethereum holder diversifying into ZEC. An Entity Preparing for a Product: A company needing a large ZEC reserve for a future service or payment rail. Regardless of who it is, the scale of this ZEC accumulation demands attention and suggests sophisticated capital is taking positions. What This Means for ZEC Investors and the Market For everyday ZEC holders and traders, this event is a crucial data point. It doesn’t guarantee endless price increases, but it does highlight underlying strength. Consider these actionable insights: Monitor On-Chain Flow: Watch if this pattern of exchange withdrawals continues, signaling broader accumulation. Assess Support Levels: Large holders often defend price levels near their accumulation zones. Balance Sentiment with Caution: While bullish, always pair on-chain signals with sound risk management. This monumental ZEC accumulation is a powerful narrative that could define the coin’s trajectory in the coming weeks. Conclusion: A Defining Moment for Zcash In summary, the withdrawal of $22.17 million in ZEC from Binance is a landmark event. It demonstrates significant, conviction-based buying at a pivotal moment for the privacy coin. This ZEC accumulation by a new whale provides a fundamental pillar for the current bullish price action, suggesting that informed, deep-pocketed investors see substantial value ahead. For the crypto community, it’s a stark reminder that beneath the price charts, the silent movement of coins tells the real story. Frequently Asked Questions (FAQs) Q1: Why is moving ZEC off an exchange considered bullish? A: It reduces the immediate sell-side supply on the market. Coins in a private wallet are less likely to be sold impulsively, indicating a long-term holding intent. Q2: Could this ZEC accumulation be an internal transfer by Binance? A: While possible, on-chain analysts like Onchain-Lenz typically filter out exchange-controlled wallets. The labeling of a ‘newly created address’ suggests it is an external, likely customer-controlled wallet. Q3: Does this mean ZEC’s price will keep rising? A: Not necessarily. While a strong positive signal, cryptocurrency prices are influenced by many factors including broader market trends, regulations, and technological developments. This accumulation is one significant bullish factor among many. Q4: What is ZEC (Zcash)? A: ZEC is the native cryptocurrency of the Zcash network, a blockchain that offers optional privacy for transactions using advanced cryptographic techniques called zk-SNARKs. Q5: How can I track large transactions like this? A: You can use blockchain explorers for Zcash or subscribe to services from on-chain analytics firms that flag large transfers and exchange movements. Q6: Is ZEC a good investment after this news? A: This article provides information, not financial advice. Any investment decision should be based on your own research, risk tolerance, and understanding of the asset. This event highlights growing institutional interest, which is a factor to consider. Share Your Thoughts Was this deep dive into the major ZEC accumulation helpful? Do you think this is the start of a larger trend for privacy coins? Share this article with your network on X (Twitter), Telegram, or Reddit to spark a discussion with fellow crypto enthusiasts. Knowledge grows when it’s shared! To learn more about the latest cryptocurrency trends, explore our article on key developments shaping Zcash and other major altcoins price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

With $BTC trading below 90K on Christmas Day, the market felt slow, but I stayed active. I’d been tracking the Bitget Onchain Trading Competition for weeks, and in Competition 100, I finally stepped in. Top traders looked out of reach at first, but using GetAgent helped me find structure, spotting patterns, managing trades, and staying focused. I traded tokens like $ZEC during the event, and it fit perfectly into my short-term strategy. By the end of the phase, I wasn’t just watching, I was competing. Now I’m back for the next round with the same approach.

While Bitcoin (BTC) and altcoin prices continue to move sideways, the same is not true for whales. Although there is no movement in prices, large whales continue to trade. According to Lookonchain’s report, a newly created wallet deposited a total of $4 million worth of USDC into the platform over the past four days. It then opened transactions in Bitcoin and Ethereum. However, the whale is expecting a rise in one and a fall in the other. Specifically, the whale opened a long position in Bitcoin expecting an increase, while opening a short position in Ethereum. Accordingly, the whale opened a long position on 218.6 Bitcoin, worth $19.15 million, with 10x leverage. Conversely, it opened a short position on 5,294 ETH, worth $15.5 million, also with 10x leverage. Liquid prices were $71,392 for Bitcoin and $3,588 for Ethereum. Another whale acquired a large amount of ZEC. Lookonchain reported that a newly created wallet (t1XKfb) purchased 30,000 ZEC from Binance, worth $13.25 million. An institutional whale purchased a large amount of Worldcoin (WLD). Accordingly, a wallet (0xf000) affiliated with Multicoin Capital bought 60 million WLD, worth $30 million, at $0.50 per ton OTC. Lastly, Erik Voorhees, one of Bitcoin’s early advocates and founder of ShapeShift, once again exchanged his Ethereum for Bitcoin Cash (BCH). He has been exchanging his ETH for BCH in recent weeks. Lookonchain reported that Erik Voorhees invested another 1,635 ETH ($4.81 million) in THORChain, exchanging it for BCH. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!