Zcash Whale Transfers $362 Million in ZEC, First Deposit to Coinbase in 10 Months

BlockBeats news, September 19 - According to Arkham monitoring, the Zcash whale address t1Lyq transferred approximately $362.56 million worth of ZEC last night, of which $15 million was deposited into Coinbase. This marks the first time the address has deposited funds to a trading platform in 10 months.

Ten months ago, this batch of ZEC was worth approximately $163.88 million. Arkham stated that the whale's unrealized gains from holding ZEC since 2025 have reached approximately $361 million.