Tornado Cash-linked wallet rotates $3.73M from ETH into ZEC
A wallet linked to Tornado Cash exchanged $3.73 million in ether for 2,959 Zcash on Hyperliquid as the broader crypto market declined.
A wallet linked to Tornado Cash exchanged $3.73 million in ether for 2,959 Zcash on Hyperliquid as the broader crypto market declined. Ethereum (ETH) is trading at $2,124.09, down 0.5% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Sun, 08 Nov 2026 22:45:03 UTC.
The transaction placed meaningful selling pressure in ether and a sizable amount of capital into Zcash through a decentralized derivatives venue. Zcash also carries exposure to the privacy-focused ecosystem represented by Tornado Cash.
- A Tornado Cash-linked wallet swapped $3.73M in ETH for 2,959 ZEC.
- The trade occurred through Hyperliquid, which holds $1.78B in TVL.
- ZEC trades at $1,218.74, down 2.28% over 24 hours.
- BitGuru identified $1,000 as a buying zone and $1,500–$1,650 as recovery levels.
- Pando Rings Hacker Moves $9M in ETH via Tornado Cash After 4-Year Dormancy
- Tornado Cash-linked wallet rotates $3.73M from ETH into ZEC — this brief
A Tornado Cash-linked wallet converted $3.73 million worth of ether into 2,959 
Zcash tokens through 
Hyperliquid, according to TronWeekly. The report did not identify the wallet holder or establish whether the rotation was intended as a long-term allocation, leaving the transaction’s motivation unclear.
TronWeekly also cited analyst BitGuru, who identified $1,000 as a significant buying zone for ZEC and $1,500–$1,650 as recovery levels if buyers maintain support. These are technical reference points rather than confirmed outcomes, and the report did not provide evidence that the wallet’s $3.73 million purchase would itself reach those levels.
The transaction took place on Hyperliquid, whose total value locked stands at $1.78 billion, down 6.1% over seven days, according to DeFiLlama. Tornado Cash itself has $771.86 million in TVL, down 0.8% over the same period, providing on-chain context for the platforms and privacy ecosystem associated with the reported wallet activity.
Live market conditions remain weak. Zcash is trading at $1,218.74, down 2.28% over 24 hours and 1.10% over seven days, while ether is at $2,134.72 after declining 4.28% over 24 hours and 6.09% over seven days. The broader crypto market capitalization is $2.56 trillion, 
Bitcoin is down 1.46% over 24 hours, and the Fear & Greed Index stands at 28, indicating a Fear reading. The transaction’s scale and venue make the rotation notable, while the wallet’s intentions and subsequent trading behavior remain unconfirmed.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,134.72 to $2,124.09 — -0.50%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦2.93M (about $2,124.09), down 4.9% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 8, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Tornado Cash-linked wallet rotates $3.73M from ETH into ZEC — questions & answers
How much was exchanged for Zcash on Hyperliquid?
A Tornado Cash-linked wallet reportedly converted $3.73 million in ether into 2,959 Zcash tokens through Hyperliquid.
What levels did BitGuru identify for Zcash?
BitGuru identified $1,000 as a critical buying zone and $1,500–$1,650 as potential recovery levels if buyers maintain support.
How are Zcash and the broader market performing?
ZEC is down 2.28% over 24 hours, while Bitcoin is down 1.46%. The Fear & Greed Index is 28, within the Fear range.
How much is 1 Ethereum worth in naira today?
About ₦2.93M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,124.09. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.50% since this brief first published — trading at $2,124.09 now versus $2,134.72 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.