Arkham said a Zcash whale address, t1Lyq, moved about $362.56 million worth of ZEC overnight, with $15 million of the transfer sent to Coinbase. The deposit marked the address’s first transfer to a trading platform in 10 months, according to the on-chain tracking firm. Arkham also said the same ZEC stack was worth about $163.88 million 10 months ago. Based on that change in value, the whale’s unrealized profit from holding ZEC since 2025 has reached roughly $361 million. The transfer stands out because it combined a very large wallet movement with a renewed exchange deposit after a long gap, putting the address back on traders’ radar.
BlockBeats reported on Sept. 19 that, according to Arkham, Zcash whale address t1Lyq moved about $362.56 million worth of ZEC overnight. Of that amount, $15 million was deposited to Coinbase.
Arkham said this was the address’s first transfer to a trading platform in 10 months. The tracking firm added that the same ZEC holdings were worth about $163.88 million 10 months ago, and that the whale’s unrealized profit from holding ZEC since 2025 has reached roughly $361 million.
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