A wallet believed to be associated with Bitkub co-founder Sakolkorn Sakavee has transferred 34,000 Zcash ($ZEC), valued at approximately $26.1 million, to the Hyperliquid exchange over the past 24 hours. According to blockchain analytics firm Lookonchain, the address subsequently sold 24,000 $ZEC—worth about $18.5 million—and acquired 238 Bitcoin ($BTC) with the proceeds.
