Whale action! This major holder is investing $17.53 million in ZEC against the trend. Are you optimistic about this rebound?

【Crypto World】The market has once again seen some interesting moves. When Zcash dropped 26% due to the management team of the electric coin company resigning en masse, a trader with a massive capital size took a contrarian approach—directly investing $17.53 million to buy ZEC.

This move was quite aggressive. He entered at around $412, leveraging 10x, and bought 42,498 ZEC in one go. The scale of this operation shows how confident he is in this rebound.

The background is as follows: The sudden mass resignation of the electric coin company’s team triggered a panic sell-off, causing ZEC’s price to drop sharply. But this trader clearly doesn’t see this as a long-term fundamental issue; instead, he views it as a buying opportunity. Based on his logic, he’s betting on a V-shaped rebound—believing the market has overreacted, and ZEC is indeed worth bottom-fishing at the current price.

It’s worth noting that this trader’s portfolio exceeds $250 million, holding mainstream assets like Bitcoin and Ethereum. Such a big player usually doesn’t operate blindly. The fact that he dares to pour so much money in at this point suggests he has done thorough analysis. Regardless of whether ZEC ultimately rebounds, this transaction signals that some market drops might really be exaggerated.