Over 1% of ZEC Supply Unshielded in Early 2026, Sparking Sell-Off Concerns
Over 200,000 ZEC, about 1.2% of supply, was unshielded in early 2026, coinciding with a whale transfer to Binance and ZEC underperforming the broader market.Summary
In the first week of January 2026, a Zcash (ZEC) holder unshielded over 200,000 ZEC from privacy pools, representing approximately 1.2% of the circulating supply. This move slowed the growth of ZEC held in shielded pools and followed a period where the holder had previously deposited funds into them. This unshielding activity sparked sell-off concerns, amplified when a whale subsequently transferred 74,002 ZEC to Binance, which many view as preparation for selling. Concurrently, ZEC has been underperforming the broader altcoin market, falling about 7% while TOTAL3 rose 7%, making the privacy sector the weakest performer. Despite this, Grayscale recently highlighted ZEC as promising and expects the privacy sector to grow in 2026.
(Source：BeInCrypto)