The wallets above are still unshielding ZEC and selling it on… — Mlm onchain

Mlm onchain@mlmonchain · 28.1K subscribers Open in TelegramOpen

Mlm onchainA wallet cluster possibly related to Sakolkorn Sakavee, the co-founder and former chairman of Bitkub (Thailand’s largest crypto exchange), unshielded 34.1K ZEC ($26.1M) over the past day and deposited it to Hyperliquid. He then sold 24.1K ZEC ($18.5M) and…

The wallets above are still unshielding ZEC and selling it on Hyperliquid.

They have unshielded a total of 65.82K ZEC ($51.6M), or roughly 0.4% of ZEC’s circulating supply and 1.37% of all currently shielded ZEC, and sold 53.9K ZEC ($42.3M) while buying 536.7 BTC so far.

The unshieldings are still ongoing, and they have placed sell orders for another 8.37K ZEC ($6.6M) on Hyperliquid.

t.me/mlmonchain/1405