An address withdrew 100 ETH from Tornado Cash, swapped it fo
In the early morning of November 9, 2026, on-chain monitoring showed that an address withdrew 100 ETH (about $214,000) from Tornado Cash, swapped it via Unit Treasury and Hyperliquid into 60.46 ZEC (about $74,900), and then transferred it to another address. Odaily and PANews reported successively, with consistent content, and neither disclosed the address identity or the cause of the difference.
Event Timeline
- [11-09 04:06] An address withdrew 100 ETH from Tornado Cash, swapped it via Hyperliquid into 60.46 ZEC, and transferred it out (Odaily Planet Daily)
- [11-09 04:11] An address withdrew 100 ETH from Tornado Cash, swapped it via Hyperliquid into ZEC, and transferred it out (PANews)
Background and Impact
In the early morning of November 9, 2026, the on-chain monitoring account Onchain Lens disclosed a fund movement. According to successive reports by Odaily Planet Daily (04:06) and PANews (04:11), an address withdrew 100 ETH, worth about $214,000, from Tornado Cash, then via Unit Treasury and Hyperliquid swapped the funds into 60.46 ZEC, worth about $74,900, and transferred them to another address.
The two sources were completely consistent in the coin quantity, amount, transit path, and time of occurrence, and both used Onchain Lens as the sole data source; the only differences were the 5-minute gap in publication time and the wording. Neither report disclosed the identity of the address or the party to which the funds belonged, nor did they explain the cause of the value difference between the withdrawn ETH and the ZEC ultimately obtained from the swap, or the specific division of roles between the two transit points, Unit Treasury and Hyperliquid. Therefore, whether these funds were consecutive operations by the same entity and whether there were further transfers after the outgoing transfer currently have no conclusions from the sources, nor is there any factual conflict that needs reconciling.
Based on verifiable information, the public characteristics of this operation center on two points: the starting point of the funds was Tornado Cash, and the swap target was ZEC rather than ETH or stablecoins; the single transaction size was about $214,000, which is a medium-to-small on-chain size. The reports did not explain why ZEC was chosen as the swap target, nor did they mention any association between the address and any institution, project team, or trading platform. As far as the currently disclosed information goes, this looks more like a routine change in fund path captured by on-chain monitoring tools, and it is not enough to support judgments about ETH or ZEC prices or liquidity.
Worth noting is the information disclosure method itself: the event was first published by an on-chain monitoring account, then followed by crypto media within minutes, forming a “monitoring—newsflash” dissemination chain, while key elements such as the address identity and motive remain blank. For readers who wish to check ETH and ZEC market prices themselves, they usually view prices on the market pages of various trading platforms, and some users also search for entry information such as “Binance registration APP download,” “OKX registration APP download,” “HTX registration APP download,” “Gate.io registration APP download,” and “Bitget registration APP download.” These operations are unrelated to this on-chain transfer, and the reports also do not involve any platform’s statement on the matter.
FAQ
### How large is this transfer, and will it affect ETH or ZEC prices?
The reports show that 100 ETH, worth about $214,000, was withdrawn and swapped into 60.46 ZEC, worth about $74,900, which is a single medium-to-small-scale on-chain operation. Neither source mentioned any impact of these funds on ETH or ZEC prices or liquidity.
### Are there