Whale withdraws $1.7M in ZEC from Binance

An anonymous Zcash (ZEC) whale address starting with t1Z9uK just withdrew 2,872 ZEC, worth approximately $1.66 million, from Binance in two transactions, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. The whale now holds 14,496 ZEC, worth about $8.35 million, with an estimated unrealized profit of approximately $3.367 million based on its on-chain acquisition cost.