It is suspected that Bitkub Lianchuang sold ZEC and "earned less" more than 110 million US dollars in four weeks.

PANews reported on September 25 that according to MLM monitoring, a group of wallets suspected to be related to Sakolkorn Sakavee, co-founder of Thailand's largest cryptocurrency exchange Bitkub, have unlocked (unshielded) 65,820 ZEC from private addresses in the past period, worth approximately US$51.6 million, accounting for approximately 0.4% of the circulating supply of ZEC and 1.37% of the ZEC currently in private status. Among them, 53,900 ZEC, worth about US$42.3 million, have been sold in Hyperliquid, and 536.7 BTC have been bought. Currently, there are still about 10,000 ZEC stored in Hyperliquid, and there are about 8,370 ZEC worth $6.6 million worth of sell orders waiting to be completed.

According to MLM, the above-mentioned wallet is still continuing to unlock ZEC and sell it through Hyperliquid. According to statistics, the address has sold a total of 139,600 ZEC and cashed out approximately US$111 million. Based on the current price, this part of ZEC is now worth approximately US$223 million, which means that it has made more than US$110 million less in the past four weeks.