Wallet Linked to Bitkub Co-founder Moves $26 Million in ZEC to Buy Bitcoin

On-chain data from Lookonchain indicates that a wallet cluster potentially linked to Bitkub co-founder Sakolkorn Sakavee transferred 34,100 ZEC, worth approximately $26.1 million, to Hyperliquid. The address subsequently sold 24,100 ZEC to purchase 238 BTC. Approximately 10,000 ZEC remains on the platform. These findings are based on on-chain analysis and have not been officially confirmed.