Suspected Bitkub associate wallet transferred to $26 million ZEC, sold and bought 238 BTCs

On 26 August, according to Lokonchain, a wallet cluster suspected of being linked to Sakolkorn Sakavee, a co-founder and former chairman of Bitkub, released privacy protection and transferred to Hyperliquid within the last 24 hours, totalling 341,000 ZECs valued at approximately $26.1 million. Subsequently, 24.1 million ZECs, valued at approximately $18.5 million, were sold and 238 BTCs were purchased. There are still about 10,000 ZECs on Hyperliquid, valued at approximately $7.6 million, and the related sales orders at approximately $780. Note: There is no official information to confirm that these addresses belong to Sakolkorn Sakavee, which is currently only a theory of the relevance of the wallets in the chain data analysis platform。