Wallets tied to alleged Bitkub cofounder move 34,100 ZEC to Hyperliquid; 24,100 ZEC swapped for 238 BTC

Odaily Planet Daily reports that, based on MLM monitoring, a wallet cluster suspected to be linked to Sakolkorn Sakavee, cofounder and former chairman of Thai crypto exchange Bitkub, transferred about 34,100 ZEC (roughly $26.1 million) to the decentralized exchange Hyperliquid over the past 24 hours. On-chain data indicates the cluster then sold around 24,100 ZEC (about $18.5 million) to buy 238 BTC. About 10,000 ZEC (around $7.6 million) remains on Hyperliquid, with associated sell orders placed near $780.

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