🚨 Arkham Intelligence detects a significant movement on the Zcash network: nearly 1% of the total ZEC supply has been pulled from the Orchard protected pool.
🔹 A large amount of ZEC has been withdrawn from the Orchard Pool, which is part of the protected transaction system on the Zcash network.
🔹 The value of this transaction is approximately 1% of the circulating supply of ZEC, making it a noteworthy move since liquidity within protected wallets is usually less transparent compared to regular addresses.
A large exit from a protected pool could indicate a transfer to traceable wallets or a potential readiness of the owner to sell or redistribute.
However, this doesn't automatically mean a sell-off is imminent.
This isn't necessarily a bearish signal, but it's a movement worth monitoring because pulling 1% of the ZEC supply from a protected pool is considered a significant shift.
The market will be watching:
Will the coins be moved to exchanges?
Or is it just a wallet reallocation?
🔹 A large amount of ZEC has been withdrawn from the Orchard Pool, which is part of the protected transaction system on the Zcash network.
🔹 The value of this transaction is approximately 1% of the circulating supply of ZEC, making it a noteworthy move since liquidity within protected wallets is usually less transparent compared to regular addresses.
A large exit from a protected pool could indicate a transfer to traceable wallets or a potential readiness of the owner to sell or redistribute.
However, this doesn't automatically mean a sell-off is imminent.
This isn't necessarily a bearish signal, but it's a movement worth monitoring because pulling 1% of the ZEC supply from a protected pool is considered a significant shift.
The market will be watching:
Will the coins be moved to exchanges?
Or is it just a wallet reallocation?