New Wallet Withdraws 50,000 ZEC from Binance, Valued at $22.17 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Large Withdrawal Incident: On December 25, a new wallet reportedly withdrew 50,000 ZEC from Binance, valued at approximately $22.17 million, raising concerns about ZEC's liquidity in the market.
- Uncertain Market Reaction: Although this withdrawal could impact ZEC's liquidity, the lack of confirmation from primary sources has resulted in a subdued market response, highlighting challenges in cryptocurrency transparency.
- Price Volatility Risk: Currently priced at $445.33 with a market cap of $7.33 billion, ZEC has surged 714.71% over the past 90 days, but the unverified withdrawal could lead to market volatility, affecting investor confidence.
- Regulatory Attention: Research from Coincu suggests that if this transaction is accurate, it may attract regulatory scrutiny, potentially influencing Binance's policies and operational transparency, thereby increasing market uncertainty.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






