MLM monitoring data shows that a wallet cluster suspected to be linked to Sakolkorn Sakavee, co-founder of Thai crypto exchange Bitkub and its former chairman, moved about 34,100 ZEC to decentralized trading platform Hyperliquid over the past 24 hours. The transferred ZEC was valued at roughly $26.1 million.
On-chain analysis indicates that the cluster then sold around 24,100 ZEC, worth about $18.5 million, and used the proceeds to buy 238 BTC. The activity points to a sizable reallocation from ZEC into Bitcoin, with part of the original position still sitting on the platform.
At the time of the update, about 10,000 ZEC, worth roughly $7.6 million, remained on Hyperliquid. Related sell orders were placed near the $780 level, according to the monitoring data cited by Odaily.
Odaily reported that, according to MLM monitoring, a wallet cluster suspected to be linked to Sakolkorn Sakavee, co-founder of Thai crypto exchange Bitkub and its former chairman, transferred about 34,100 ZEC to decentralized trading platform Hyperliquid over the past 24 hours. The tokens were valued at roughly $26.1 million.
On-chain analysis shows the cluster later sold about 24,100 ZEC, worth around $18.5 million, and bought 238 BTC.
About 10,000 ZEC, valued at roughly $7.6 million, remains on Hyperliquid. Related sell orders were sitting near $780.
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