New Wallet Withdraws 50,000 ZEC from Binance

2 mins mins

Key Points:

Unverified report of a large ZEC withdrawal from Binance by a new wallet.
Alleged withdrawal amount: 50,000 ZEC, valued at $22.17 million.
Lack of confirmation from primary sources undermines report’s authenticity.

A newly created wallet reportedly withdrew 50,000 ZEC, approximately $22.17 million at current values, from Binance on December 25, according to Onchain Lens via PANews.

This transaction raises liquidity questions and market dynamics for ZEC. However, secondary sources lack verification, highlighting challenges in cryptocurrency transparency and data source reliability.

Unverified 50,000 ZEC Withdrawal Stirs Market Speculation

Onchain Lens and PANews reported a potential 50,000 ZEC withdrawal from Binance by a new wallet. Primary verification of these figures remains unavailable. Unidentified actors potentially involved remain unconfirmed across official channels.

Market impacts of the purported withdrawal remain speculative without primary confirmation. If substantiated, it might influence fluctuations in ZEC liquidity. Financial repercussions depend on verifiable sources emerging.

No identified individuals or entities were linked to the event of the 50,000 ZEC withdrawal, and no statements from leadership of Zcash or Binance were found regarding this specific transaction.

Industry leaders like Binance’s CZ have not commented on this unverified event, leaving the community questioning its reality. The absence of statements on this subject has resulted in subdued market reactions.

Zcash Price Spike Amid Uncertainties

Did you know? In December 2025, a significant ZEC transaction of 202,077 ZEC worth nearly $93 million was reported five days before this alleged withdrawal, highlighting previous large-scale movements of the currency.

Zcash (ZEC) is currently priced at $445.33, with a market cap of $7.33 billion and a dominance of 0.25%. Over the past 90 days, ZEC’s price surged by 714.71%. The 24-hour trading volume stands at $708.09 million, showing a 51.11% change as per CoinMarketCap.

zcash-daily-chart-19 — Zcash(ZEC), daily chart, screenshot on CoinMarketCap at 06:43 UTC on December 25, 2025. *Source: CoinMarketCap*

Potential financial outcomes of reported shifts include volatility in ZEC’s market positioning. Coincu’s research suggests that such unconfirmed transactions, if accurate, warrant regulatory attention, with possible influences on Binance’s policy and operational transparency. For insights on effective trading strategies, consider exploring the Elite Trader program for advanced copy trading on platforms like Weex.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.