Zcash whales snap up 76,661 ZEC worth $31.65M as price hovers near $400 support

Over the past week, Zcash has fallen from about $528 to $400 amid leadership-related uncertainty and persistent selling pressure, with the token recently trading around $402. During this downturn, a newly created whale wallet accumulated 76,661 ZEC valued at $31.65 million, while on-chain data show negative spot netflows and technical indicators warning that ZEC could break below the $400 support if bearish momentum continues.