When a whale roars, ZEC trembles! Last night, the crypto world staged another big show.

A mysterious giant whale withdrew 202,000 ZEC from a major exchange in one go, worth nearly $88 million. This is no small feat—it's like digging out a large scoop directly from the exchange's liquidity pool. Not long after the withdrawal was completed, well-known high-leverage trader Brother Maji quickly opened positions on BTC, ZEC, and HYPE on a certain trading platform, with a total position size of up to 17 million USDT, including ZEC with 10x leverage. The price instantly surged by over ten points, causing chaos in the entire market.

But the underlying story is far from as simple as it looks on the surface.

Let's start with the whale's withdrawal move. Moving funds to a private wallet might indeed be for long-term holding, reducing selling pressure on the exchange. But there's also another possibility—this could be preparing for large OTC trades or utilizing ZEC's privacy features. If the funds are later transferred back to the exchange? Then caution is advised, as it could easily turn into a signal of a dump.

Now, look at trader Maji. His background is legendary: just this October, he experienced a near-zero liquidation with a position worth around 16 million, and now he's back to his old tricks, using extreme leverage to chase short-term gains. Following someone like him is essentially paying for his next liquidation.

The current ZEC market is very much like the "hot-topic concept coin" in the crypto world—full of hype, highly volatile, and just a slight move can stir up market waves. The actions of whales and influencer traders often become triggers for retail FOMO.

Are you planning to ride this wave and gamble, or sit back and watch coldly? Share your honest thoughts in the comments.