According to @EmberCN, an address withdrew 202,077 $ZEC from Binance to an on-chain address about 13 hours ago, valued at approximately $88.28 million at a reported price of $437 per ZEC (source: @EmberCN, Dec 20, 2025). According to @EmberCN, $ZEC rose 12% today around the time of the reported withdrawal (source: @EmberCN, Dec 20, 2025). The source shared the destination address and asked whether this was whale or institutional accumulation, without identifying the owner or confirming intent (source: @EmberCN, Dec 20, 2025). Traders can monitor the posted address for subsequent movements and track ZEC exchange balances and spot order-book behavior near the $437 level to assess short-term liquidity and supply dynamics, noting that the buyer type remains unconfirmed (source: @EmberCN, Dec 20, 2025).