Blockchain analytics company Arkham has tracked the Zcash (ZEC) whale that turned $15.85 million into $126 million. The position survived 50% before the 2026 private equity meeting.
The wallet has made a profit of $22.61 million while still holding 230,100 ZEC. Arkham revealed the product on May 28, which caused speculation about the buyer.
A Passionate Bet on Silent Assets
The whale acquired 265,018 ZEC worth $15.85 million on December 30, 2024. ZEC traded around $60 during that time and attracted little interest from investors. ZEC is currently trading at $548.78, down 0.82% in 24 hours.
The position fell more than 50% during 2025. The draw briefly removed about $8.6 million from the paper’s value before it began to recover.
“Made over $150M a year. How? ZEC,” Arkham he realized.
The partial profit-taking began in January 2025 and lasted until the end of November. The eight sales totaled 54,718 ZEC for a combined $22.61 million.
The remaining 230,100 ZEC is worth about $126 million today. Marketing is similar to a broad strategy Zcash is a buying service followed up to 2025.
Personal Resume Increases Success
The market rode the rise of Zcash 2026, led by renewed interest in crypto assets. Grayscale is reserved for a Opinions of the company Zcash ETF at the beginning of this month. The catalyst pushed ZEC to a recent high of $700.
The wallet is believed to be owned by Helius Labs co-founder Mert Mumtaz, a. a long-term representative of Zcash and a public hero of the network.
Mumtaz did not directly respond to the speculation.
“They didn’t sell ZEC because they just wanted to find a partner,” Mert chimed.
Arkham has not confirmed who he is, and what was said has yet to be confirmed.
Whether this wallet reaches the figure of nine may depend on which ZEC has its own value.
The Grayscale option is continuous slow growth will form the next phase of private networks.
A note Zcash Whale Turns ZEC Portfolio 10x to Over $150 Million, But How? appeared for the first time BeInCrypto.
