Lookonchain said a wallet cluster suspected to be linked to Sakolkorn Sakavee, co-founder and former chairman of Bitkub, moved a total of 34,100 ZEC to Hyperliquid over the past 24 hours after removing privacy protection. The transferred ZEC was valued at about $26.1 million.
The address then sold 24,100 ZEC worth roughly $18.5 million and used part of the proceeds to buy 238 BTC. Lookonchain’s tracking also showed that around 10,000 ZEC, valued at about $7.6 million, remains on Hyperliquid. The related sell orders were placed at around $780.
The wallet attribution has not been officially confirmed. Lookonchain noted that the connection to Sakolkorn Sakavee is currently based on on-chain analysis and remains a market inference rather than verified ownership information.
According to Lookonchain, a wallet cluster suspected of being linked to Sakolkorn Sakavee, co-founder and former chairman of Bitkub, removed privacy protection and transferred a total of 34,100 ZEC to Hyperliquid over the past 24 hours. The tokens were valued at about $26.1 million.
The address later sold 24,100 ZEC worth about $18.5 million and bought 238 BTC.
At the time of the update, about 10,000 ZEC remained on Hyperliquid, valued at roughly $7.6 million. The related sell orders were listed at around $780.
Lookonchain added that the wallet attribution is still based on on-chain analysis. There is no official confirmation that the addresses belong to Sakolkorn Sakavee.
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