Blockchain analytics agency Arkham has tracked a Zcash (ZEC) whale who turned $15.85 million into $126 million. The place survived a 50% drawdown earlier than 2026’s privateness coin rally.
The pockets has realized roughly $22.61 million in earnings whereas nonetheless holding 230,100 ZEC. Arkham revealed the commerce on Might 28, sparking hypothesis concerning the purchaser’s id.
A Conviction Wager on a Quiet Asset
The whale acquired 265,018 ZEC for $15.85 million on December 30, 2024. ZEC traded close to $60 on the time and drew restricted investor consideration. ZEC at present trades at $548.78, down 0.82% over 24 hours.
The place then dropped greater than 50% throughout 2025. The drawdown briefly erased about $8.6 million in paper worth earlier than the restoration started.
“He remodeled $150M in a yr. How? ZEC,” Arkham famous.
Partial profit-taking began in January 2025 and ran via late November. Eight gross sales totaled 54,718 ZEC for $22.61 million mixed.
The remaining 230,100 ZEC are value roughly $126 million at the moment. The commerce matches a broader sample of Zcash whale shopping for exercise tracked via 2025.
Privateness Coin Resurgence Fuels the Win
The commerce rode Zcash’s 2026 surge, pushed by renewed curiosity in privateness property. Grayscale filed for a spot Zcash ETF earlier this month. The catalyst pushed ZEC to a current peak above $700.
Hypothesis is that the pockets belongs to Helius Labs co-founder Mert Mumtaz, a long-standing Zcash advocate and public champion of the community.
Mumtaz has not addressed the hypothesis straight.
“He didn’t really promote ZEC as a result of he was simply longing on hl checkmate,” Mert chimed.
Arkham has not confirmed the id, and the attribution stays unverified.
Whether or not the pockets reaches a nine-figure realized complete could depend upon ZEC holding its present positive aspects.
The Grayscale choice and persevering with shielded provide progress will form the following part for the privateness community.
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