A major whale is suspected of spending over $30 million to purchase ZEC tokens in multiple transactions on Binance this morning.

A whale is suspected of accumulating large amounts of ZEC tokens on Binance, with a single transaction of 2,200 ZEC tokens per second, costing over $30 million. Between 09:35 and 09:44 this morning, Binance saw a flurry of large buy orders, each purchasing around 2,200 ZEC tokens (approximately $1.2 million). This caused the candlestick chart to show a "dinosaur's back" shape in a short period, seemingly indicating that the large buy order was broken down into dozens of smaller buy orders placed at market price. These concentrated buy orders occurred in three waves within 10 minutes.