According to Onchain Lens, a newly created wallet withdrew 50,000 ZEC, worth about $22.17 million, from Binance, with the recipient address reported as t1XKfbZYsdxR5HSnP25ee5VaAxgCNUtFkFK (source: Onchain Lens). Arkham Intelligence’s address explorer lists the recipient as a new Zcash address, supporting the classification of a newly created wallet (source: Arkham Intelligence). Based on the reported valuation, the transfer implies an average reference value of roughly $443 per ZEC at the time of reporting (source: Onchain Lens). Large exchange outflows are commonly tracked as signals of reduced immediate sell-side supply and potential accumulation by on-chain analysts (source: Glassnode Academy). Traders can monitor ZEC exchange reserves and netflow metrics to gauge liquidity and potential price impact following this withdrawal (source: CryptoQuant).

According to @lookonchain, a newly created wallet identified as t1XKfb withdrew 30,000 ZEC valued at approximately $13.25 million from Binance around 9 hours ago. Source: Lookonchain on X Dec 25, 2025; ARKM Explorer intel.arkm.com/explorer/address/t1XKfbZYsdxR5HSnP25ee5VaAxgCNUtFkFK According to @lookonchain, the alert includes the destination address for independent verification, enabling traders to confirm the on-chain movement and size of the withdrawal. Source: Lookonchain on X Dec 25, 2025; ARKM Explorer intel.arkm.com/explorer/address/t1XKfbZYsdxR5HSnP25ee5VaAxgCNUtFkFK

According to @lookonchain, a whale address labeled t1dHhe withdrew 202,077 ZEC valued at $91.43M from Binance about 16 hours ago, source: @lookonchain. According to @lookonchain, a second whale address labeled t1Nt2i withdrew 4,257 ZEC valued at $1.93M from Binance about 5 hours ago, source: @lookonchain. According to @lookonchain, the combined outflow totals 206,334 ZEC worth $93.36M from Binance within roughly 16 hours based on the two reported transactions, source: @lookonchain. According to @lookonchain, the addresses were referenced via Arkham Intelligence explorer in the report for on-chain context, source: @lookonchain.

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).

According to @RhythmicAnalyst, ZEC has risen 42% since a prior reference point, highlighting that traders need stronger trend education to avoid fading strength (source: @RhythmicAnalyst on X, Dec 9, 2025). The post frames the move as a momentum-led advance, implying that aligning with higher highs and higher lows likely outperformed counter-trend shorts during the rally (source: @RhythmicAnalyst on X, Dec 9, 2025). Actionable takeaway: validate real-time ZEC price and volume and favor pullback entries in the direction of the prevailing trend rather than calling tops, consistent with the author’s emphasis on trend literacy (source: @RhythmicAnalyst on X, Dec 9, 2025). Risk control: if momentum stalls, reassess bias and tighten stops due to potential volatility during rapid climbs (source: @RhythmicAnalyst on X, Dec 9, 2025).

According to Michaël van de Poppe (source: https://x.com/CryptoMichNL/status/1995886425963954303), ZEC has delivered no upward returns because peak hype at the top led to a sharp drop after long-side liquidity was taken out. According to the same source (https://x.com/CryptoMichNL/status/1995886425963954303), with long liquidity cleared, he sees potential for a bounce from the current region but emphasizes this is not a trend reversal. For trading, this implies ZEC is a tactical short-term bounce setup rather than a new uptrend, according to the same source (https://x.com/CryptoMichNL/status/1995886425963954303).

According to @CoinMarketCap, Ethereum co-founder Vitalik Buterin urged Zcash to resist token voting, warning that shifting away from its committee-based governance could erode the privacy coin’s core features, as highlighted in @CoinMarketCap’s X post. Zcash currently relies on committees and the Zcash Community Advisory Panel rather than coin-weighted voting for funding and roadmap decisions, as outlined by the Zcash Foundation’s governance documentation. Buterin has previously argued that coin voting can be vulnerable to plutocratic capture and short-termism, reinforcing his caution for ZEC governance, as detailed in his essay Moving beyond coin voting governance on the Vitalik Buterin blog. For traders, any move toward token voting would be a material governance catalyst for ZEC because it impacts treasury control and privacy roadmap oversight, making headline monitoring of Zcash proposals and foundation announcements prudent, based on the roles described by the Zcash Foundation and the signal flagged by @CoinMarketCap.

According to @ai_9684xtpa, ZEC fell back below USD 500, putting pressure on leveraged longs (source: @ai_9684xtpa). The largest ZEC long on Hyperliquid, address 0xcf9...95c0e, opened a 10x long on Nov 22 at an average entry of USD 574.864, now holding 20,386 ZEC worth about 9.79 million USD with an unrealized loss near 1.925 million USD and a peak drawdown above 2.42 million USD this morning, with no position reduction reported (source: @ai_9684xtpa; hyperbot.network/trader/0xcf90cfecf74e631feea816d02e757c0c8e895c0e). Traders can monitor this address on Hyperliquid to track positioning and potential liquidity impacts around the USD 500 level in ZEC derivatives (source: hyperbot.network/trader/0xcf90cfecf74e631feea816d02e757c0c8e895c0e).

According to @OnchainLens, a whale was completely liquidated on a ZEC long position as ZEC dropped, realizing a $1.59M loss. Source: @OnchainLens. According to @OnchainLens, the same wallet has lost a total of $2.39M across multiple positions and now holds $24K. Sources: @OnchainLens; CoinMarketMan Hypertracker wallet 0x9bf3ba9c1a41c78c424981ee7e12203347bf6cf9 app.coinmarketman.com/hypertracker/wallet/0x9bf3ba9c1a41c78c424981ee7e12203347bf6cf9.

According to @CoinMarketCap, Bloomberg ETF analyst Eric Balchunas said the recent surge of enthusiasm for Zcash (ZEC) has "third-party candidate vibes" and risks splitting support away from Bitcoin (BTC) at a crucial moment, highlighting a potential shift in market support dynamics between BTC and ZEC that traders should watch (source: @CoinMarketCap on X, Nov 24, 2025).

According to the source, quantum computers threaten widely used public‑key cryptography, including RSA and ECC, which underpins Bitcoin’s ECDSA signatures. Source: https://csrc.nist.gov/Projects/post-quantum-cryptography and https://developer.bitcoin.org/devguide/transactions.html Zcash’s protocol is designed to evolve via the ZIP process and regular Network Upgrades, demonstrated by cryptography changes across Sprout, Sapling, and Orchard, indicating the project can replace primitives when needed. Source: https://zips.z.cash/ and https://electriccoin.co/blog/sapling-network-upgrade/ and https://electriccoin.co/blog/nu5-mainnet-activation/ NIST has selected and is standardizing post‑quantum algorithms such as CRYSTALS‑Dilithium and Kyber, providing vetted options for blockchain projects planning migration or hybrid schemes rather than rushing untested changes. Source: https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms and https://csrc.nist.gov/Projects/post-quantum-cryptography For traders, monitor any Zcash ZIPs proposing PQ or hybrid signatures, official updates from Electric Coin Company and Zcash Foundation on migration tooling, and NIST PQC implementation timelines as potential catalysts for ZEC volatility and narrative. Source: https://zips.z.cash/ and https://electriccoin.co/blog/ and https://www.zfnd.org/blog/ and https://csrc.nist.gov/Projects/post-quantum-cryptography

According to the source, Zcash developers are preparing for quantum risks by leveraging the protocol’s repeatable network upgrade process, demonstrated by NU5 in May 2022 which shipped Halo 2 and the Orchard shielded pool, showing the chain can change core cryptography through on-chain consensus (source: Electric Coin Company, 2022). Both BTC and ZEC currently depend on elliptic-curve cryptography that would be breakable by sufficiently large quantum computers, highlighting the need for migration paths and key-rotation tooling (source: NIST Post-Quantum Cryptography project, 2024; Bitcoin.org Developer Guide). NIST has standardized post-quantum signature families ML-DSA (CRYSTALS-Dilithium) and SLH-DSA (SPHINCS+), which are candidates for future blockchain integrations once performance and footprint constraints are evaluated (source: NIST PQC standards, 2024). Zcash’s ZIP governance process and active engineering by Electric Coin Company and the Zcash Foundation provide a mechanism to propose and deploy such primitives, while Bitcoin’s developer community has discussed PQ options on the bitcoin-dev mailing list without any PQ signature scheme adopted on mainnet to date (sources: Zcash ZIP repository; Zcash Foundation updates; bitcoin-dev mailing list). For trading, the most actionable signals are: the appearance of ZIPs proposing PQ signatures or key-rotation, ECC/ZF engineering updates announcing testnet deployments or audits, and release timelines similar to prior Zcash upgrades that preceded mainnet activations (sources: Zcash ZIP repository; Electric Coin Company engineering updates; Zcash Foundation engineering posts).

According to @EleanorTerrett, an X broadcast titled Crypto's Christmas Wish is Clarity | $ZEC's Wild November highlights regulatory clarity and ZEC’s volatile November as the core topics for market participants, source: @EleanorTerrett on X, Nov 21, 2025. The post directs viewers to the live broadcast for further details, signaling a focus on regulation-driven catalysts and ZEC trading conditions into year-end, source: @EleanorTerrett on X, Nov 21, 2025.

According to @OnchainLens, address cluster '0x7B7' was fully liquidated on ZEC short positions across four wallets, with cumulative realized losses exceeding USD 10.4M; source: Onchain Lens on X https://x.com/OnchainLens/status/1990597703680864707. The main wallet and three sub-accounts are verifiable on CoinMarketMan HyperTracker, which lists the liquidation history and PnL for 0x7B7b908c076B9784487180dE92E7161c2982734E, 0x26cc5b2b5c15b679cc042914bfa9194cf7851e43, 0xc07240cce22959af4df80b45ae77ba8b20b363c3, and 0xaafc72d5f002e0d61f22d95acadb7e469846e326; source: https://app.coinmarketman.com/hypertracker/wallet/0x7B7b908c076B9784487180dE92E7161c2982734E, https://app.coinmarketman.com/hypertracker/wallet/0x26cc5b2b5c15b679cc042914bfa9194cf7851e43, https://app.coinmarketman.com/hypertracker/wallet/0xc07240cce22959af4df80b45ae77ba8b20b363c3, https://app.coinmarketman.com/hypertracker/wallet/0xaafc72d5f002e0d61f22d95acadb7e469846e326.

According to @OnchainLens, the on-chain gambler 0x7B7 was fully liquidated on ZEC long positions across four wallets with total realized losses exceeding $10.4 million, source x.com/OnchainLens/status/1990597703680864707. The identified wallets include the main address 0x7B7b908c076B9784487180dE92E7161c2982734E and sub-accounts 0x26cc5b2b5c15b679cc042914bfa9194cf7851e43, 0xc07240cce22959af4df80b45ae77ba8b20b363c3, and 0xaafc72d5f002e0d61f22d95acadb7e469846e326, with on-chain performance and liquidation traces viewable via CoinMarketMan Hypertracker, source app.coinmarketman.com/hypertracker/wallet/0x7B7b908c076B9784487180dE92E7161c2982734E and app.coinmarketman.com/hypertracker/wallet/0x26cc5b2b5c15b679cc042914bfa9194cf7851e43 and app.coinmarketman.com/hypertracker/wallet/0xc07240cce22959af4df80b45ae77ba8b20b363c3 and app.coinmarketman.com/hypertracker/wallet/0xaafc72d5f002e0d61f22d95acadb7e469846e326. The liquidation event and loss figures are explicitly documented in the original disclosure by @OnchainLens and corroborated by the linked wallet dashboards, source x.com/OnchainLens/status/1990597703680864707 and app.coinmarketman.com/hypertracker/wallet/0x7B7b908c076B9784487180dE92E7161c2982734E.

According to @OnchainDataNerd, wallet 0x7b7 opened a 10x short on ZEC worth about $19.46M notional with an average entry near $666.83 roughly seven hours ago, source: @OnchainDataNerd on X. The trader currently shows about $1.67M in unrealized profit on the position, source: @OnchainDataNerd on X. This profit implies an estimated 8.6 percent move from the entry and a position size near 29.2k ZEC based on the shared notional and entry price, source: calculations from figures posted by @OnchainDataNerd on X. The on-chain reference provided is hypurrscan.io/address/0x7b7b908c076b9784487180de92e7161c2982734e for address 0x7b7, source: hypurrscan.io as cited by @OnchainDataNerd on X. For traders, the whale’s entry near 666.83 and the implied mark near 610 are immediate reference levels for ZEC perps liquidity and risk management, source: levels derived from figures shared by @OnchainDataNerd on X.

According to @OnchainLens, a brief price pump liquidated over $3 million across multiple short positions and forced the closure of the remaining shorts, based on their monitoring update on X dated Nov 18, 2025 (source: Onchain Lens on X). According to @OnchainLens, the same trader later opened 10x ZEC short positions across three wallets totaling $48.47 million notional with $3.36 million in unrealized profit, with activity visible at hyperbot.network/trader/0x7B7b908c076B9784487180dE92E7161c2982734E, hyperbot.network/trader/0x26cc5b2b5c15b679cc042914bfa9194cf7851e43, and hyperbot.network/trader/0xc07240cce22959af4df80b45ae77ba8b20b363c3 (source: Onchain Lens on X; HyperBot dashboards).

According to Lookonchain, a trader was liquidated about 10 hours ago during a brief market rebound, losing over $3M. Source: https://x.com/lookonchain/status/1990587873079496882. Lookonchain reports the same address has re-entered the market with a new 10x short totaling 31,698 ZEC, approximately $19.26M notional. Sources: https://x.com/lookonchain/status/1990587873079496882 and position data at https://hyperdash.info/trader/0x7B7b908c076B9784487180dE92E7161c2982734E. Lookonchain explicitly warns against high-leverage trading based on this example. Source: https://x.com/lookonchain/status/1990587873079496882.

According to @Excellion, retail investors seeking encrypted Bitcoin exposure should buy BTC on an exchange, choose Lightning Network as the withdrawal method, and receive funds in wallets such as Aqua, Bull Bitcoin, or Wallet of Satoshi, source: @Excellion on X, Nov 14, 2025. @Excellion states there is no need for Zcash (ZEC) for this use case, source: @Excellion on X, Nov 14, 2025.

According to @RhythmicAnalyst, Zcash (ZEC) is up roughly 6% today and is moving independently of Bitcoin (BTC), highlighting session-level divergence and relative strength versus BTC, source: @RhythmicAnalyst. This implies the ZEC/BTC pair is outperforming intraday on a relative basis, directly derived from the reported 6% rise and divergence from BTC, source: @RhythmicAnalyst.