TREE NEWS reports: An address 0xcf4c…be09 spent about $247 on Sept. 28 to buy roughly 35 million ZC tokens in two transactions, paying about $148 at 02:06 and about $99 at 02:13. The address still holds about 20.8 million ZC worth roughly $316,000, or about 2.08% of ZC’s total supply, making it the fifth-largest holder.
Address Turns $247 Into $316K Holding 20.8M ZC Tokens
What stands out is not the return but the concentration: a single wallet acquired a stake equal to just over 2% of ZC's supply from a few hundred dollars of initial outlay, and still holds most of it. That kind of early, low-cost accumulation tends to shape a token's liquidity profile and governance weight far more than headline gains suggest, particularly where the holder ranks among the largest addresses. Whether that position is added to, distributed, or left untouched is the open question, and it is the metric worth tracking rather than the paper value.
Generated by AI for reference only.
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