Odaily reported that a group of wallets suspected to be linked to Sakolkorn Sakavee, co-founder of Thai cryptocurrency exchange Bitkub, has de-shielded 65,820 ZEC from privacy addresses over a recent period, with the holdings valued at about $51.6 million. The disclosed amount represented roughly 0.4% of ZEC’s circulating supply and 1.37% of shielded ZEC, based on the figures cited in the report. Of that total, 53,900 ZEC worth around $42.3 million has already been sold on Hyperliquid, while the wallets used the proceeds to buy 536.7 BTC. The report added that about 10,000 ZEC remains on Hyperliquid, and another sell order for roughly 8,370 ZEC, valued at $6.6 million, is still pending execution. The wallets were described only as being suspected of links to Sakavee; the report did not state that the ownership had been independently confirmed.
According to Odaily, a group of wallets suspected to be linked to Sakolkorn Sakavee, co-founder of Thai cryptocurrency exchange Bitkub, has de-shielded 65,820 ZEC from privacy addresses over a recent period, with the holdings valued at about $51.6 million.
Based on the figures cited in the report, the amount accounted for roughly 0.4% of ZEC’s circulating supply and 1.37% of shielded ZEC.
Of that total, 53,900 ZEC worth about $42.3 million has already been sold on Hyperliquid, and 536.7 BTC was bought.
About 10,000 ZEC remains on Hyperliquid, while another sell order for roughly 8,370 ZEC, valued at $6.6 million, is still waiting to be filled.
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