Haciyev Reşit 
Whale activity in the cryptocurrency market has recently become a major focus for investors. On-chain data shows that large-scale accumulations are accelerating in certain altcoins, while wallets that had remained inactive for long periods are becoming active again. These developments are being interpreted as important signals of potential shifts in overall market dynamics.
Notable Whale Accumulation in ZEC
On-chain data points to a striking wave of whale accumulation in Zcash (ZEC). A wallet starting with the short address “t1dHhe” withdrew 202,077 ZEC from Binance roughly 16 hours ago, moving the assets off the exchange. At current prices, this transfer is valued at approximately $91.4 million, making it one of the largest ZEC outflows seen in recent times.
A similar move was observed from another whale address. The wallet labeled “t1Nt2i” withdrew 4,257 ZEC from Binance just five hours earlier, completing a transfer worth around $1.93 million. These consecutive large-scale exchange withdrawals are widely viewed as a strong signal that selling pressure may be easing and that some large investors are adopting a long-term holding (HODL) strategy for ZEC.
Portfolio Movements on the Arthur Hayes Front
There has also been notable activity linked to Arthur Hayes, a closely followed figure in the crypto market. According to on-chain data, Hayes transferred 680 ETH, worth approximately $2.03 million, likely for sale as part of a strategy to rotate his portfolio into what he considers “high-quality” DeFi tokens.
This move is being interpreted not merely as an isolated transaction, but as an indication that large investors are actively rebalancing their Ethereum exposure in response to market conditions. Especially during periods of heightened volatility, such transfers often reflect broader whale strategies aimed at optimizing risk distribution and reallocating liquidity more efficiently.
A 10-Year-Old Ethereum ICO Wallet Becomes Active
On the Ethereum side, an especially eye-catching development has emerged. A wallet dating back to Ethereum’s initial coin offering (ICO) and inactive for over 10 years has suddenly become active again. The address beginning with “0xbDb6” transferred 2,000 ETH—worth approximately $5.96 million—to a new wallet.
On-chain records show that the investor originally acquired these ETH during the ICO for just $620. At current valuations, this represents an estimated 9,616x return. Such movements often raise concerns about potential selling pressure, as early investors may choose to realize profits after long holding periods.
Overall Assessment
On-chain data suggests that whales are making strategic moves across the market, particularly involving ZEC, BTC, and ETH. Large exchange withdrawals and the reactivation of long-dormant wallets signal that market volatility could increase in the near term. Investors will continue to closely monitor whale activity in the coming days, as these moves may have a significant impact on price action across the crypto market.
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