A Zcash whale doubled its ZEC holdings to $66.75M after buying $32M in tokens across Binance and Kraken over the weekend, as ZEC price dropped 34% in recent days. The accumulation began in mid-September, though activity slowed when the price peaked near $1,700. Most whales did not appear bullish on ZEC, and US ZEC ETFs recorded $124M in net outflows over two consecutive weeks. Smart money traders increased their positions by 134%, but broader whale positioning remained cautious amid macro uncertainty ahead of this week’s US inflation data.
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