Zcash Whale Accumulates $91.1M in Spot Holdings Amid Market Activity
Zcash (ZEC)
Editor:
Eugene Serbin
Lookonchain.com reports that a crypto whale is suspected of bottom-fishing ZEC, with total spot holdings now amounting to $91.1 million. Arkham’s monitoring shows that since last night, the whale-linked addresses received around 8,605 ZEC across three centralized exchanges. These funds were later aggregated in batches, with two withdrawal addresses transferring a combined ~4,400 ZEC into the same aggregation wallet.
As of press time, the six fund-associated addresses under this entity hold a total of 65,158 ZEC. This represents an increase of roughly 15.2% from prior levels. Based on historical entry prices, the average cost of these inflows is ~$1,509.7.
ZEC is currently trading at $1,398.6, translating to an unrealized loss of ~$7.24 million (-7.36%). Earlier news indicated a whale had withdrawn an additional 8,100 ZEC from CEXs, bringing its total spot holdings to $55.7 million.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Zcash is trading at $1,483.46, showing a shift in short-term sentiment compared to the longer term. The 1-hour buy ratio stands at 59.8%, while the 4-hour ratio is 54.7%, both indicating stronger immediate buying pressure than the 24-hour period. The 24-hour buy ratio has dropped to 46.9%, suggesting that buying momentum is fading over the full day. Volume Delta reflects this divergence, with positive inflows of +$2,169,840 in the last hour and +$3,657,362 over four hours. However, the 24-hour Volume Delta is -$19,178,201, showing net selling pressure over the longer timeframe. Cumulative Volume Delta (CVD) at the 24-hour close is -$21,486,057, confirming that sellers dominated the daily flow despite recent short-term interest.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.4%, making the current 24-hour reading of 46.9% slightly below the weekly norm. This represents a decline of 4.5 percentage points from the average, indicating a less bullish day than usual. Volume relative to the average is 0.85x, showing that trading activity is lower than typical. The coin experienced 4 days of net buying out of 7 in the past week. Price change over the 8-day period is +0.8%, with a total Volume Delta of +$38,627,854 for the period. This suggests that while today is quieter, the broader weekly trend remains cautiously positive.