Zcash Whale Moves $9.67M From Coinbase
Zcash (ZEC)
Editor:
Eugene Serbin
Lookonchain.com reports that a newly created wallet withdrew 7,166 ZEC from Coinbase within the last 12 hours. The withdrawn assets are valued at approximately $9.67 million. This movement marks a significant transfer of Zcash from the exchange to the new address.
The wallet address identified in the monitoring is t1Sj6J. The transaction occurred over a short 12-hour window. The total value of the ZEC moved is around $9.67 million. This withdrawal suggests a shift in custody for a large portion of the asset.
The specific details highlight the scale of the single transaction. The source confirms the exact amount of ZEC and its dollar value. The event is tracked as a notable on-chain movement.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 6 October 2026. Not the outlet's figures.
Zcash is trading at $1,337.66 with strong immediate buying pressure. The buy ratio is 67.2% over the last hour and 63.8% over four hours. This indicates that buyers are dominating short-term spot activity. Volume delta shows positive inflows of $3.61 million in one hour. A further $11.08 million delta is recorded over four hours. These figures suggest building buying momentum in the short term.
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.
The current day shows higher buy ratios than the weekly average of 48.9%. However, the 24-hour volume delta is negative at -$17.36 million. This contrasts with the positive short-term deltas seen recently. The weekly volume is 0.85 times the average, indicating lower activity. This day is unusual for its short-term strength but lacks sustained weekly volume.