Zcash Whale Accumulates $31.93M as ZEC Price Outlook Draws Attention

Zcash (ZEC) has attracted market attention after a whale accumulated and withdrew approximately $31.93 million worth of tokens from Binance and Kraken, according to Onchain Lens. The transactions have raised interest in large-holder activity and its potential impact on exchange supply. Meanwhile, crypto analyst Giannis Andreou has outlined a recovery scenario targeting $2,000, provided ZEC holds its support zone and reclaims several resistance levels. Both whale activity and technical conditions will be important in assessing the token’s next move. According to Onchain Lens, a whale accumulated and withdrew 26,070 ZEC from Binance and Kraken within minutes.