Recently, ZEC has shown interesting on-chain activity. A large holder transferred approximately $100 million worth of funds through ZEC's stealth address pool, directly impacting market fluctuations—during this period, ZEC has been oscillating around $50, with the behind-the-scenes driver being this large stealth transfer.

From on-chain data, the total amount in the ZEC stealth pool has shown a significant change. The current stealth transaction volume has dropped to 4,858,645.11826483 ZEC, a decrease of 202,076.60745000 ZEC compared to the previous period. Such a large outflow usually indicates that whales are adjusting their positions or transferring funds. The mechanism of the stealth pool itself is designed for large holders, capable of masking true transaction intentions, so whenever such abnormal fluctuations occur, market participants' real intentions can often be detected.

It is worth noting that although these stealth transactions can evade tracking, the total transaction volume still leaves traces on the chain. For ZEC traders, monitoring changes in the shielded pool data can help better understand the logic behind large holders' short-term movements.